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Taft-Hartley Act Of 1947

Taft-Hartley Act Of 1947 –  This is a labour relations term and law, more appropriately and aptly termed the Labour-Management Relations Act. Named after the co-sponsor, House Representative Fred A. Harley, Jr, and Senator Robert Taft. Defining and clarifying the scope and mandates of unions, their actions, disputes and such related matters. What and how management would be permitted to act and do when a labor/management dispute arises. It is on the law books.  It stood for dealing more effectively with things like tension, power and mandates during these disruptions. It addresses aspects like: prohibited activities, injunctions, legal recourses of action, banning of jurisdictional strikes, wildcat strikes and secondary boycotts and not being communists, firing of supervisors with union sympathies. Some of these tensions still linger and remain today in labour circles.

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Definition of the Day Australian Securities Exchange

Australian Securities Exchange - The Australian Securities Exchange is the largest stock exchange in all of Australia, and is also known as the ASE, which opened for operation in 1987. Although its operations and functions have change with the times, it was transformed in 2006 after becoming the product in...

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