User:The ed17/Sandbox/Upper Peninsula miners strike of 1895

The aforementioned 1893 financial panic had taken its toll on companies across the country, and Cleveland-Cliffs was no different. Prices for Cleveland-Cliffs' ore fell to a third or less of their previous price, and the company lost $72,000 in 1894 alone. They cut wherever possible, but a large group of miners organized in July 1895 to strike against what they thought could be much higher wages. They began daily parades and speeches railing against the mining companies, swaying nearly all of the miners in the area to their cause, and formed a formal union on July 16.