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Economic Irony: Timeline
Vulcan cast at McWane Foundry of
pig iron. Sent to World's Fair in St. Louis; wins top prize.
Population of Birmingham tops 130,000
. Becomes fastest growing urban area in the United States.
Stock market crashes
. Banks begin to fail and close.
Birmingham is one of the hardest hit U.S. cities during the
. Thousands lose work.
Works Progress Administration
pedestal atop Red Mountain overlooking "Jones Valley," city of Birmingham.
Japanese attack Pearl Harbor
. Johnny Rutledge accepts job at
U.S. Steel's Fairfield Works
(the former Tennessee Coal and Iron)
Recovery from the Great Depression. Iron and steel production increases dramatically.
World War II
drives orders for munitions, planes, warships.
University of Alabama
moves its medical school from Tuscaloosa to Birmingham. Now state's largest city, doctors are needed in industrial setting.
Dr. Charles "Scotty" McCallum enters medical school in Birmingham. At the same time, 18% of jobs in metro Birmingham are in primary metals.
Birmingham embroiled in
civil rights movement
. Dr. Martin Luther King, Jr. jailed.
Sixteenth Street Baptist Church
bombed; 4 girls killed.
By designation of the Alabama Legislature, the
University of Alabama at Birmingham, or UAB
, is born.
Dr. Richard Arrington
is elected mayor of
. He is city's first African-American mayor.
State and federal banking laws loosened (pdf file)
. Banks can "merge" branches into one chartered state bank and can buy existing out of state banks.
Birmingham-based banks continue aggressive acquisition of smaller out-of-state banks.
in disrepair. Park closed for fear of falling parts from statue. Vulcan removed from 1970s marble pedestal and disassembled for future repairs.
Banking payrolls top 1 (B) billion dollars in Alabama.
Health Care and social assistance jobs top 14% in metro Birmingham. Financial services jobs top 8%. Primary metals jobs down to 1% of workforce
Vulcan placed atop original WPA pedestal on Red Mountain. Rededicated on 100th birthday.
acquired by North Carolina-based
in 14.3 (B) billion dollar deal.
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