Today in Labor History: October 29

Today in Labor History: October 29
Wall Street crashes—”Black Tuesday”—throwing the world’s economy into a years-long crisis including an unemployment rate in the U.S. that by 1933 hit nearly 25 percent – 19292013.10.28—history-economics
(Economics for Everyone: A Short Guide to Capitalism: Jim Stanford, an economist in the research department of the Canadian Auto Workers, thinks economics is too important to be left to economists. So, he wrote this concise and readable book to provide nonspecialist readers with all the information they need to understand how capitalism works – and how it doesn’t.  This is an antidote to the abstract and ideological way that economics is normally taught and reported. Key concepts such as finance, competition and wage labor are explored, and their importance in everyday life is revealed.)
—Click here for the complete posting.

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