Company Towns: 1880s to 1935
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Saved by Lillian Sheng
Company Towns: 1880s to 1935
Coal companies built towns for workers and their families. Theirs was an isolated and organized life. Miners were poor folks who usually stayed poor no matter how hard they worked. The company store kept the books, placing them in crippling debt even though they were the ones whose labor made others rich and gave light and heat to the country.
Imani Perry • South to America: A Journey Below the Mason-Dixon to Understand the Soul of a Nation
As late as 2000, times were pretty good. Poverty was a minuscule 6.5%, incomes were growing and folks were relocating to Bensenville from outside the state at a steady rate.
But Bensenville's fortunes have since changed. Incomes have dropped by 11.4% (without accounting for inflation), poverty has more than doubled and domestic in-migration has grou... See more
But Bensenville's fortunes have since changed. Incomes have dropped by 11.4% (without accounting for inflation), poverty has more than doubled and domestic in-migration has grou... See more
America's Fastest-Dying Towns
The ideology of frugality, the interests of factory owners, and the availability of surplus labor via immigration inevitably suppressed wages. With wages stagnant and production increasing, the system went out of balance and finally, in 1929, went into a deep crisis.