1927 | Commerce
Commerce
Germany's economic system collapses May 13 in what will be remembered as "Black Friday."
The Trade Disputes Act passed by Parliament June 23 prohibits sympathy strikes in Britain.
Radical Viennese workers march on the Palace of Justice July 15 and set it afire, enraged because the killers of workers shot down in Burgenland have been acquitted.
Canada's first Old Age Pensions Act is signed into law in September. Labour Party MPs James S. Woodsworth, 53, and Abraham A. Heaps, 42, have offered to support the prime minister Mackenzie King's minority government provided that he create old age pensions (see 1952; U.S. Social Security Act, 1935).
Average annual income of U.S. wage-earners is about $1,000. Middle-class families with incomes of $3,000 or more generally have domestic help.
Police at Columbine, Colo., use machine guns to fire on striking mine workers November 21, killing five, wounding 20.
Wall Street's Dow Jones Industrial Average closes December 31 at a new high of 202.40, up from 157.20 at the end of 1926.