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1 - American Memory

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236<br />

The following review was developed by Dr. Thomas K. Hitch for the Chamber<br />

of Commerce in 1955 and it outlines some of the economic impact of a shipping<br />

strike. Dr. Hitch is Vice President of Economic Research at the First Hawaiian<br />

Bank.<br />

STATISTICAL COMPASISONS FBOVE EFFECT<br />

The following charts and tables show the magnitude of this generalized Im-<br />

pact. They show, for Hawaii and the mainland, the trend in consumer prices,<br />

retail trade, unemployment, dollar volume of building and construction and<br />

total personal income for 2 periods when Hawaii was cut off from the mainland<br />

by strike action : the period May-October, 1949, when a stevedoring strike was in<br />

process In Hawaii and the period June-July, 1952, when the Pacific maritime<br />

strike was in process. In addition, Hawaii data on number of tourists are<br />

shown.<br />

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