Black Monday, ’77, When the Mill Shutdown in Youngstown Gave Birth to the Rust Belt [billmoyers.com]
Democratic Ownership and the Pluralist Commonwealth: The Creation of an Idea Whose Time Has Come On Sept. 19, 1977 — a day remembered locally as “Black Monday” — the corporate owners of the Campbell Works in Youngstown, Ohio, abruptly shuttered the giant steel mill’s doors. Instantly, 5,000 workers lost their jobs, their livelihoods and their futures. The mill’s closing was national news, one of the first major blows in the era of deindustrialization, offshoring and “free trade” that has...