In what some may consider one of the many management decisions that was to help cripple the American auto industry over the following decades, Ford Motor Co. produces its first Edsel. Ford dropped the project two years later after losing approximately $350 million - 1957

International Brotherhood of Paper Makers merges with United Paperworkers of America to become United Papermakers & Paperworkers - 1957

Players formed The NHL Players Association in New York City after owners refuse to release pension plan financial information. The union was busted when owners transferred key activists, but it successfully re-formed ten years later - 1957