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- Significance: Between 1891 and 1985, the Rath Packing Company grew from a small local business into the ninth largest meat packing company in the United States. By 1950, the Waterloo plant was the largest single-unit packing house in the world.
After a series of further financial setbacks, Rath ceased operations in December, 1984 and was liquidated in 1985.
1985. After years of financial trouble, Rath shuts its doors, contributing to an economic tailspin in Waterloo that deeply affects the Black community.