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Rayon Racket Exposed as Labor Dispute Ignites

July 19, 1933, marked a turning point in the labor dispute that had been brewing in the rayon and synthetic wool producing industry. At a heated public hearing, tensions rose as Homer L Ferguson, president of the Newport News Shipbuilding Dry Dock Co, clashed with the proposed code’s minimum wage provision of 35 cents. Ferguson, representing the shipbuilding industry, deemed 30 cents a fair minimum wage for Southern yards, sparking opposition to the code.

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