And, not surprisingly, unemployment seriously spiked during this period, with the worst years being between 1894 to 1898. On March 25, 1894, 100 men led by a socialist firebrand named Jacob Coxey departed Massillon, Ohio, for Washington, D.C., to protest perceived government inaction regarding unemployment. Their intention was to demand that the government spend money on infrastructure projects and thus deal with the excess of labor, much of which came from the collapse of the railroad industry. Coxey's march itself was something of a failure, with activity petering out in May 1898, but the movement took off west of the Mississippi, especially with William Hogan's army of 500 which went far enough that it hijacked a Northern Pacific Railway train to take them to Washington, D.C. (they didn't make it past Montana).
Not coincidentally, one of history's more notable stikes, the Pullman Strike, occured less than two months after the Coxey's march began. The Pullman Palace Car Company, responding to the sudden decrease in demand for their train cars, slashed employee wages by 25%, prompting their employees to go on strike. The strike, not surprisingly, crippled production, effectively shutting down Pullman factories. So bitter was the strike that it led to the boycott of Pullman by American Railway Union workers, who, beginning in June 1894, refused to switch Pullman cars onto trains. Pullman simply began to hire new workers, leading to outbreaks of violence and tampering with rail service by ARU men. Federal soldiers were called in to assist when the ARU, then under the leadership of E.V. Debs, refused to obey a court injunction demanding they end support of the strike. This is the action for which Debs was tried and sent to prison, which curiously led to him reading Karl Marx and becoming a socialist. Ha ha.
Mr. George Pullman's reputation took a beating for the strike (and the associated Pullman company town in Chicago) from which it never recovered. As the story goes, when he died in 1897 he had to be buried at night and in a rather complicated steel and concrete vault to prevent the desecration of his body. Say what you will about populist anger (AIG), it sure can be effective in shaming people.
