The US markets are closed for Labor Day, but does the holiday have deeper origins than worker’s rights?
On June 28, 1882, President Grover Cleveland signed S. 730 law declaring Labor Day a national holiday. This was the era of Marxism, as it rose to become a popular theory. Indeed, when the Panic of 1893 unfolded, there was a great uprising in Marxism, as always blamed the capitalists for the depression. In 1848, Marx published his “Manifest der Kommunistischen Partei” in London. The first edition was published in German, while the English-language edition was published in 1850. Since then, editions have been published in many languages worldwide. Ironically, it was one Pi Cycle from 1850 to 1882 that created Labor Day in the spirit of Marxism. The next Pi Cycle lines up with 2040.
So, while Marxism was the dominant theory during the second half of the 19th century, our wokeism and cancel culture led to Juneteenth as a bank holiday. Perhaps with every popular theory that emerges, we will get another government holiday. Curious to say the least.
