American Federation of Labor; History, Encyclopedia, Reference book

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As a conse- quence, there was a falling ofE in member- ship in many of our organizations. These, however, have been regained and additional members enrolled. There can be no doubt biit that our experience before, during, and since the last panic has fully justified the attitude of the A. F. of L. so stoutly main- tained by nearly all workers. The declared position of America's workers that wage re- ductions would be resisted at all hazards, not only prevented reductions to any appre- ciable ext...ent, but also gave courage to the workers to maintain their membership and stand true by organized labor. Previous in- dustrial crises were not only prolonged and made acute, but the organizations were crushed out of existence or they emerged from these periods with ranks decimated and unions disbanded. . The period of our last panic was not only shortened, but the wage ' standard practically maintained, and the or- ganizations of labor emerged from them better org'anizeft and better piibpared .

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