Evolution of Liberalism
Late 1800s - 1900s: welfare capitalism developed (not welfare state)
Issues with classical liberalism led to pressure for change:
poverty
child labour
dangerous working conditions
disparity
Individuals attempted to bring about change, e.g. the suffragettes
Industrialists voluntarily improved conditions for their workers:
company housing
fitness and recreation facilities
pensions
healthcare plans
Henry Ford introduced the 8 hour work day and the $5 daily wage.
Child labour was reformed
Reformers
Child Labour reform
Liberalism: associated with freedoms to protest, speak, assemble, press, associate
National Child Labour influenced opinions on child labour using photography: an exercise of liberalism
Political parties
Social democratic parties formed
traditional parties adopted same socialist ideas, like in late 1800s Germany
CCF: in 1944, Tommy Douglas formed the CCF in Saskatchewan
First socialist party elected in North America
publicly funded healthcare
Labour Unions
Advocated for higher wages, better working conditions
collective bargaining
walkouts
association and speech
employers and consumers may be against them
Pro-union sentiment | Anti-union sentiment |
maternity leave | lots of control lost |
weekends off | less competition |
overtime pay | lost profits |
workers compensation | increased prices |
higher wages | |
no child labour | |
benefits |
Progressivism
Trust busting → breaking up monopolies → a form of government intervention
Trust: a legal structure that can own stuff
Teddy Roosevelt → running → teddy bear
FDR → wheelchair
The Square Deal: fair deal
80% of US businesses were trusts, competition was unfair
Upton Sinclair’s The Jungle opened eyes to food practice and sanitation, resulting in the passage of the Meat Inspection Act and the Pure Food and Drug Act
Conservation of resources were introduced
protected federal lands
national parks/wildlife reserves
Environmental protections
Food and drug safety regulations
Regulations against anti-competitive behaviour
Labour violence: resulted in the need for labour legislation
The Square Deal: unions, corporations, private citizens should all have a square deal
Issues with classical liberalism
Is it truly a free market when there are monopolies and anti-competitive behaviour?
Is intervention justified?
Triangle Shirtwaist Factory Fire
The Industrial Revolution resulted in the rapid development of NYC’s garment industry |
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Working conditions without regulation were abhorrent |
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Cheaper materials were used in hopes of increasing profit margins |
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Building regulations did not reflect modern safety standards, endangering workers |
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Industrialism was rife against collective safety — endangering others. |
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A clear need for workplace safety regulation became prevalent |
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The ideals of classical liberalism with laissez faire economics did not work in the interests of workers — ultimately endangering them with unsafe working conditions |
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Lawsuits ensued against the owners of Triangle, but did not penalize the employers for the deaths. |
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Reform and government regulation emerged from the tragedy |
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Unions led the push for greater working conditions following the tragedy |
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Sweatshops continue to operate despite the tragedy — change only ever happens as a result of an event like Triangle |
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The Roaring 20s and The Great Depression
In the 1920s, there was prosperity in the US. Consumer spending was up, stocks were rallying and people took out loans to invest.
In 1929, the US Stock Market crashed. It signaled the start of the Great Depression.
The Great Depression
Massive unemployment during the depression was experienced, even bringing massive companies to its knees
US Steel lays off its entire workforce
A systemic bank failure prevented individuals from withdrawing savings
Run on a bank → mass hysteria → 800 failed banks
Credit freezes
50% of mortgages in default
Hopelessness ran rampant during the depression
Individualist thinking runs rampant as a result of the Roaring 20s
“I failed, I can’t own a home”
The 1930s US government had very little influence upon the lives of citizens in a highly limited government
Drought and poor farming conditions placed strain within the food supply - further increasing prices
Pressure was then placed upon the US political system to fend off the threat of communism
USSR was considered a land of “great promise”
The Depression goes global and contributes to the start of World War 2
Germany undergoes unrest as a result of an economic crash; Hitler rises up and forms a populist Nazi government
The Great Depression revealed the need for reform to the American socioeconomic system which had embraced classical liberalism
FDR’s “A New Deal”: bank regulation, government intervention in economy via bank holidays, government payroll, rebuilds public confidence in banks, jobs are created, right to unionize
General strikes uprise as a result of strike violence
San Francisco: strike deaths as a result of labour unrest
Demagogues rise up to speak against changes to America’s socioeconomic system and the change its undergoing
Hughie Long: populist rhetoric without a plan
Demands absolute power
Public projects pump money into the American economy and provides help to individuals
Social Security
US Federal Reserve
Unemployment compensation
Interstate highway system
Infrastructure boom
Roosevelt’s New Deal
Substantially increased the role of government in society
Social Security: government pensions
Job creation via alphabet agencies, e.g. Works Progress Administration and Tennessee Valley Authority
Increased regulation e.g. Banking Reform, Deposit Insurance
Spiral reversed in a loop
create jobs → goods created → money → tax → more jobs (Priming the pump)
World War 2 ends the depression and all resources are used in a total war
Women became employed
Food and fuel were rationed → ration books
Raw materials were controlled
Government contracts were introduced
Wage and prices controls
Debt financing through war bonds