Abstract

Finance: Victory for the Motor Manufacturers
Noyes, Peter Helmoop | April 11, 1934 issue

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In the midst of apparent defeat on the Wall Street front, proponents of the established order in finance and industry have welcomed the victory of the automobile manufacturers in the prevailing labor controversy. While recognizing that the United States President Franklin D. Roosevelt settlement provides a postponement rather than a permanent solution of the labor issue, the automobile executives and their sympathizers see in the check to the American Federation of Labor's most publicized drive for unionization the possibility that an aggressive counter-offensive may recoup for the industrial profit system whatever ground has been lost to labor since the passage of the National Industrial Recovery Act.

See Also:

SECURITIES industry -- United States; AUTOMOBILE industry & trade; LABOR; FINANCE -- United States; INDUSTRIES -- United States; LABOR unions -- Organizing; UNITED States
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