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During a severe depression (the Panic of 1893), the Pullman Palace Car Company cut wages as demand for new passenger cars plummeted and the company's revenue dropped.
Historic Pullman was built in the 1880s by George Pullman as workers' housing for employees of his eponymous railroad car company, the Pullman Palace Car Company.
Many African Americans were employed as porters for the Pullman Palace Car Company, and the headquarters of their union, the Brotherhood of Sleeping Car Porters, was at 5th and Wood Streets.