WW1 And The Boom of The 1920’s Flashcards
How did workers benefit from WW1?
. Due to the new business opportunities offered by war production, employers were more willing to negotiate with their workers as their profits would still remain high.
. To ensure production was maintained, the government recognised and negotiated with unions via the National War Labor Board.
. By the end of the war workers had achieved an eight hour working day.
How did the boom of the 1920’s benefit workers?
. The economic boom led to a rise in wages and a decline in unemployment.
. Employees were often offered benefits such as a reduction in working hours, pensions, insurance and other services.
What negatives arose from the boom of the 1920’s regarding workers rights?
. The development of worker benefits and Welfare Capitalism was usually in return for no - strike agreements and abandoning the right to negotiate wages.
. In some companies, company unions were established which meant that in practice workers lost their independence and were sometimes forced to sign yellow dog contracts.
