Panic of 1893
Title
Panic of 1893
Description
National financial panic leads to wage cuts, and layoffs at many of Willimantic's mills. The Natchaug Company agrees to pay men ten percent more to ensure uninterrupted production, but women receive no concessions.
Source
Thomas R. Beardsley, Willimantic Industry and Community: The Rise and Decline of a Connecticut Textile City (Willimantic, CT: Windham Textile & History Community, 1993), 69.
Date
1893
Contributor
hall_tyler
Abstract
This could be combined with the other 1893 entry on the Natchaug Company, since the company initially cut work and wages, then had to raise them.
Collection
Citation
“Panic of 1893,” History Digitized, accessed October 24, 2024, https://easternct-digitalhistory.com/items/show/810.