THE ECONOMY: Aspirin for Steel

On the 116th day of the longest nationwide steel strike in U.S. history, the Supreme Court upheld the emergency procedure of the 1947 Taft-Hartley Act as "a public remedy in times of emergency," gave force to a Taft-Hartley injunction ordering 500,000 steelworkers back to the ore mines, furnaces and mills for 80 days. The court's 8-to-1 decision (Justice William O. Douglas dissenting) cut tersely through the United Steelworkers' lengthy legal challenge, which had already won more than two weeks' delay in the courts. In upholding the injunction handed down by the U.S....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!