-
-
Begun in July 1959, ends when the United Steel Workers union and steel companies agree on a wage increase. -
A six-day airline strike finally comes to a end. -
Fair Labor Standards Act, increasing the minimum wage from $1 to $1.25 by September 1963. -
In the single greatest daily loss since 1929, the New York Stock Exchange plummets by nearly $21 billion. Fortunately, stocks quickly rebound. -
The Tax Reduction Act lowers personal and corporate income tax rates. -
In order to control inflation, the Federal Reserve Board raises the discount rate from 4 to 4.5 percent, the highest rate in 45 years. -
A three-month-long United Rubber Workers strike ends with the union signing a three-year contract with tire manufacturers. Five days later, Firestone announces price increases. -
The New York Stock Exchange sets a record with 2.35 million shares exchanged in one day. -
Consumer prices increase 6.4 percent since January, the largest rise since 1951.