4. 1920's Flashcards
1
Q
growing consumer demand for new goods such as
A
washing machines, refrigerators and cars
2
Q
what did growing consumer demand for new goods result in
A
more workers taken on
real wages rose
3
Q
what did the increased demand for workers and low level of employment force employers to do
A
take conciliatory action in the form of union recognition or ‘welfare capitalism’
4
Q
although welfare capitalism limited rights of workers there were some gains e.g.
A
Henry Ford
cut working day to 8 hours
doubled daily wage $5
introduced profit-sharing
