Millennium City: Richard M. Daley & Global ChicagoMain MenuChicago in 1989Richard M. DaleyA Livable CityDiversity and NeighborhoodsGlobal ChicagoInto the MillenniumAboutComplete Interviews and TranscriptsBiographies of and links to each full-lenth interview and corresponding transcript.David Greensteinc7fc3212990439fbd3c1dd961272d52f1519d8e6Dan Harpereff3db32ed95b3efe91d381826e2c10c145cd452Larissa Mukundwa0c6cb03c337751b5774fa39d09352cf04aec006eUniversity of Illinois at Chicago Library
Chicago Board of Trade memo about Japanese commodity markets
1media/EXHRMD_CBT0076_03_0039_0008_003a_thumb.jpg2020-06-19T14:36:00-05:00Dan Harpereff3db32ed95b3efe91d381826e2c10c145cd45254A Chicago Board of Trade memo discusses Japanese commodity markets, July 20, 1988. EXHRMD_CBT0076_03_0039_0008_003aplain2020-07-01T18:01:54-05:001988-07-20Dan Harpereff3db32ed95b3efe91d381826e2c10c145cd452
1media/EXHRMD_CBT0076_03_0039_0008_003a.jpgmedia/EXHRMD_CBT0076_03_0039_0008_003a.jpg2019-12-20T01:50:11-06:00New Global Economy39plain2020-07-02T17:27:37-05:00
Chicago has been a key player in the global economy for most of its history. From the late 1800s, it had been a center for manufacturing and distributing goods throughout the United States and the world. But by the late 1980s, the number of manufacturing jobs declined, and the city's status as a distribution center was put into question.
Reminders of Chicago’s rich industrial legacy:
While labor-saving technologies contributed to much of the decline, global competition played an important role. Some employers relocated to places where labor was cheaper. The economies in other countries, particularly in East Asia and in what would eventually become the European Union, grew stronger.
Two documents illustrate the importance of European and East Asian markets by the 1980s: Those changes offered opportunities for trade and newer approaches to investment. But they also undermined the United States'--and Chicago's--reliance on manufacturing. The question was now whether Chicago could adapt to these changes.
John McCarron, an urban planning expert, discusses the challenges globalization posed for Chicago:
1media/EXHRMD_CBT0076_03_0039_0008_003a.jpgmedia/EXHRMD_CBT0076_03_0039_0008_003a.jpg2020-07-06T10:35:49-05:00DOCUMENT: International trade and Chicago in the 1980s18Excerpts from Chicago Board of Trade reports about the importance of international markets in the 1980s.plain2021-01-26T11:35:29-06:00
