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s The History of Markets https://www.youtube.com/watch? v=fM6rsWQKK6M&feature=youtu.be

Markets The History of Markets

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Markets The History of Markets. https:// www.youtube.com / watch?v = fM6rsWQKK6M &feature= youtu.be. Early Markets. 1641 Natives and Country people sold goods Monday=weekly market day Set up a market 1656 First Public Market Saturday=weekly market day. 1658 - PowerPoint PPT Presentation

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Page 1: Markets The History of Markets

Markets

The History of Markets

https://www.youtube.com/watch?v=fM6rsWQKK6M&feature=youtu.be

Page 2: Markets The History of Markets

Early Markets1641 Natives and Country people sold

goods Monday=weekly market day Set up a market1656 First Public Market Saturday=weekly market day

Page 3: Markets The History of Markets

1658 First Meat Market created in response

to corruption1699 Fly Market Opened1795 Fly Market became filthy and

overcrowded Closed in 1823

Page 4: Markets The History of Markets

Corruption Until 1841, sellers paid a tax for the right to sell

in the public markets 1841, butchers sold meat in shops illegally Stationary peddlers City ordinance limited peddlers to 30 minutes of

peddling in one spot Licenses expired 1904, 5124 peddlers arrested, many paid off the

police.

Page 5: Markets The History of Markets

Peddlers Important to immigrants Rent for cart = 10 cents/day (1880)

20cents/day (1925) Many poor people sold fruits, vegetables

and candies for a living 1/3 of the peddlers sold nonfood goods

(clothing, hats, shoes, furnishings, pans, bedding, bags)

1900, 25000 immigrants were peddlers 1925, 31000 New Yorkers were peddlers 77% Jewish, 22% Italian, 1% other

Page 6: Markets The History of Markets

The fight to abolish Peddling

Store merchants saw peddlers as unfair competition and a nuisance

Merchants assumed pushcarts lowered property value

Mayor LaGuardia was also against peddlers First Indoor Market WPA

Page 7: Markets The History of Markets

Impact on Peddlers Indoor Market= $4/week, 4x on the street New York Post- “they might starve faster

indoors: pushcart dealers too depressed to care”

“Some days I don’t make 75 cents, Can you live on that?”

Venders had to be citizens

Page 8: Markets The History of Markets

Aftermath New Yorkers sad that pushcarts were closed down Pushcarts were seen as an “adventure “With these pushcarts left old Orchard St last

January, high values went with them” Stoop line stands 1935= 15,000 peddlers 1939= 2,700 peddlers left Today Peddling gives immigrants a way to earn a

living

Page 9: Markets The History of Markets

War Prosperity and Hunger: The New York Food Riots of

1917

Page 10: Markets The History of Markets

February 19, 1917 Brownsville Brooklyn violence erupted amongst women and peddlers due to sudden rise in prices

Food Riots spreading through working class cities: NY, Boston, Philadelphia.

Onions selling for 15-18 cents (5 cent rise), Potatoes 5-7 cents and Chicken 32 cents (luxury)

Prices are on a rise!

Page 11: Markets The History of Markets

President Wilson blames middleman George Perkins (NY Financer) Better

methods of food distribution and government interventions

Federal Trade Commission blames the existence of unlawful combinations among dealers.

American Capitalism receiving high profits from WWI selling food to Europe at high prices increases cost of living

Who’s to blame?

Page 12: Markets The History of Markets

Violence continued to outbreak in New York through Feb and March.

Waldrof Astoria Hotel: women and children banging on doors begging for food. Would fight back authorities.

Anti High Price League attempted to enforce boycotts of groceries and butcher shops. (East side and Bronx)

Fighting the high prices

Page 13: Markets The History of Markets

Peddlers carts were overturned and set on fire by women outraged by price increase

Public Meeting at New Plaza Hotel to explain that they bought these items (such as onions for $15 a bag and potatoes for $10 a bag) from Terminal of Long Island Rail Road

Henry Eiser his profits were only 75 cents a week

What are we suppose to do?

Page 14: Markets The History of Markets

Women would take their children to protest with them. Injuries amongst crowds over run by horses or motorist

Women would attack police officials , hunger and anger amounted for uncontrollable rage

Rise in infant mortality: Milk given to babies were diluted. “Loose milk” in order to be bought cheaper.

Horrors of Riots

Page 15: Markets The History of Markets

Mayor Mitchel advised consumers to buy rice ( for no more than six cents) as a substitute for higher priced foods.

Public to subsidize $100,000 so white potatoes, sweet potatoes, and onions for new market source

Terminal markets introduce bill for state bond issue: Wick’s Food and Market bill bring relief to poor.

Congressmen London: Government intervention to prevent individual greed

Possible solutions

Page 16: Markets The History of Markets

Do pushcarts clog up the streets or do they contribute to the atmospheres of the city?

What are some positive and negative aspects of pushcarts in New York City?

Do you think pushcarts are still helpful for immigrants who are starting off?

Discussion Questions:

Pushcarts/ Markets

Page 17: Markets The History of Markets

If food prices were to suddenly increase suddenly today would low income workers react any differently than in 1917? Would women still make up a large portion of protestors?

What are methods the government should take to remediate the issue of raising produce prices? What are factors that contribute to raising prices?

Is it possible in our present society for food to skyrocket?

Discussion Questions: Food

Riots