1962 Steel Crisis event
also: steel industry crisis, steel price fixing, steel showdown, steel blow up
Explore in graph → Export claims (CSV) ↓
Related entities (most co-mentioned)
U.S. Steelorganization · 9United Statescountry · 4Roger Bloughperson · 3Fortune 500organization · 3Trump administrationorganization · 2Waldorf Astoriaplace · 1Allen Dullesperson · 1Barry Goldwaterperson · 1
Claims (0)
Mentions (9)
▶ 54:51
Whenever he began to sense that the old Eisenhower-Dulles continuities were beginning to reassert themselves. By 1962, President Kennedy was challenging the bastions of American power on several fronts, including the corporate elite control…
▶ 55:18
His presidency sounds so much like Trump's, it's eerie. On September 6th, after a year-long negotiation between the steel companies and unions, which involved the personal participation of the president himself, a deal was announced that pr…
▶ 56:15
After Kennedy's engineered steel pack was signed, guess what U.S. Steel Chairman Roger Blow did? He scheduled a meeting at the White House and told the president that he was announcing a 3.5% price increase anyway. But he had locked in labo…
▶ 56:53
He saw this as a challenge to his ability to control the economy. My father always told me that all businessmen were sons of a bitches, JFK said, but I never believed it until now. That was a remark that he was happy to have leaked to Newsw…
▶ 57:58
which was part of the Ford Foundation. Kennedy understood that if U.S. Steel and other colluding steel executives prevailed, his leadership would be severely undermined, not only at home, but abroad. He had staked his reputation with organi…
▶ 58:25
Determined to protect his presidency over the next three days, JFK unleashed the full power of the federal government in an all-out effort to crush the steel industry rebellion. Attorney General Bobby Kennedy announced a grand jury probe in…
▶ 59:45
In victory, JFK adopted a magnanimous posture. Over dinner at the White House on May 3rd, Schlesinger asked Kennedy what he had said to Blow when the U.S. steel chairman surrendered. I told him that his men could keep their horses for the s…
▶ 1:00:13
Spreading the word that his administration had destroyed business confidence by bringing the steel industry to heel. No, he just made them keep his word. Senator Barry Goldwater, the voice of the rising Republican right, escalated the rheto…
▶ 1:02:38
Kennedy was a visionary. A year after the April 62 steel blow up, Kennedy tried to make light of the controversy as he addressed a Democrat fundraising at the Waldorf Astoria Hotel. Told that the steel industry was presenting former Preside…