Imperfect Competition Flashcards
American workers organized and pushed for better working conditions.
the Great Depression
Naturally the demand for workers was high, but in this time of heightened immigration the supply of laborers keen to make their way in a new country was even higher. This helped empower industry bosses and meant working conditions were far from ideal.
Labor Movement
an organized effort on the part of workers to improve their economic and social status by united action through the medium of labor unions
Labor Movement
2 TYPES OF CLASS UNDER LABOR MOVEMENT
1.BOURGEOISIE
2.PROLETARIAT
A class having no significant ownership of the means of production and whose only means of subsistence is to sell their labour power fo a wage or salary.
PROLETARIAT
Identified as middle class, typically with reference to its perceived materialistic values or conventional attitudes.
BOURGEOISIE
This is a famous strike happened in Chicago on May 4, 1886 when laborers held an strike to fight their rights.
The Haymarket Riots
Local police and the National Guard troops would get involved and sided with management.
Labor
In 1938 Congress passed a law called “________” which set the 40 hour workweek, regulated child Labor and implementing a minimum wage and overtime pay.
Fair labor Standards Act
This act gave workers the right to unionize and bargain collectively. It outlawed unfair labor practices”
WAGNER ACT
WAGNER ACT
Workers urged the Roosevelt administration to enact the National Labor Relations (Wagner) Act in 1935.
NLRB
NATIONAL LABOR RELATION BOARD
created a system for enforcement of collective bargaining agreements.
The Wagner Act
played a key part in settling labor disputes between management and the unions.
NLRB
an organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.
Labor Union
These early unions sought to limit the length of the workday and to establish uniform wage scales for their members.
Industrial Revolution