Decline and Current Use
The prosperity of the stockyards was due to both the concentration of railroads and the evolution of refrigerated railroad cars. Its decline was due to further advances in post-World War II transportation and distribution. Direct sales of livestock from breeders to packers, facilitated by advancement in interstate trucking, made it cheaper to slaughter animals where they were raised and excluded the intermediary stockyards. At first, the major meatpacking companies resisted change, but Swift and Armour both surrendered and vacated their plants in the Yards in the 1950s.
In 1971, the area bounded by Pershing Road, Ashland, Halsted, and 47th Street became The Stockyards Industrial Park. The neighborhood to the west and south of the industrial park is still known as Back of the Yards, and is still home to a thriving immigrant population.
Read more about this topic: Union Stock Yards
Famous quotes containing the words decline and/or current:
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