when did the steel mills closed in youngstown ohio
September 19, 1977
title: Youngstown, Ohio text: economically diversified, as did larger industrial cities such as Chicago, Pittsburgh, Akron, or Cleveland. Hence, when economic changes forced the closure of plants throughout the 1970s, the city was left with few substantial economic alternatives. The September 19, 1977, announcement of the closure of a large portion of Youngstown Sheet and Tube, an event still referred to as "Black Monday", is widely regarded as the death knell of the old area steel industry in Youngstown. In the wake of the steel plant shutdowns, the community lost an estimated 40,000 manufacturing jobs, 400 satellite businesses, $414 million in personal income, and title: Economy of Youngstown, Ohio text: John Young in 1797 in the Connecticut Western Reserve section of the Northwest Territory, Youngstown spent the first half of the 19th century as a small village, dependent on mostly agricultural needs, until the beginning of the Second Industrial Revolution. The discovery of iron ore along the Mahoning River, however, would make the city a viable and logical place to manufacture steel. The city sits roughly in between Cleveland and Pittsburgh—steel manufacturers in their own right—and halfway between New York City and Chicago. Youngstown Sheet and Tube and Republic Steel were among the region's largest locally owned steel companies, while title: Economy of Youngstown, Ohio text: Economy of Youngstown, Ohio The economy of Youngstown, Ohio, flourished in the 19th and early 20th centuries, with steel production reaching all-time highs at that time. The steel boom led to an influx of immigrants to the area looking for work, as well as construction of skyscrapers in the area. The city's population peaked at 170,002 in 1930, just at the onset of the Great Depression. World War II also brought a great demand for steel. After World War II, demand for steel dropped off dramatically, and industrial base of Youngstown began to see a decline. Youngstown's economy has been title: Economy of Youngstown, Ohio text: Economy of Youngstown, Ohio The economy of Youngstown, Ohio, flourished in the 19th and early 20th centuries, with steel production reaching all-time highs at that time. The steel boom led to an influx of immigrants to the area looking for work, as well as construction of skyscrapers in the area. The city's population peaked at 170,002 in 1930, just at the onset of the Great Depression. World War II also brought a great demand for steel. After World War II, demand for steel dropped off dramatically, and industrial base of Youngstown began to see a decline. Youngstown's economy has been title: Economy of Youngstown, Ohio text: of such companies as Republic Steel and U.S. Steel. At the same time, Youngstown never became economically diversified, as did larger industrial cities such as Chicago, Pittsburgh, Akron, or Cleveland. Though population levels remained flat for a few more decades, population had not grown since the Great Depression, though General Motors had opened Lordstown Assembly in 1966 to help offset some losses. Hence, when economic changes forced the closure of plants throughout the 1970s, the city was left with few substantial economic alternatives. The 1969 corporate merger between the Youngstown Sheet and Tube Company and the New Orleans-based Lykes Corporation