History & Culture. The Homestead Strike, a work stoppage at Carnegie Steel's plant at Homestead, Pennsylvania, turned into one of the most violent episodes in the American labor struggles of the late 1800s.
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Part of the Business terms glossary: A contingency plan is a course of action designed to help an organization respond effectively to a significant future event or situation that may or may not happen.A contingency plan is sometimes referred to as Plan B, because it can be also used as an alternative for action if expected results fail to materialize.ontingency planning is a component of business continuity, disaster recovery and risk management. The seven-steps outlined for an IT contingency plan in the NIST 800-34 Rev. 1 publication are: 1.