Key Historical Economic and Social Changes in Early 20th Century America
- Economic influence in the South during early America led to a disregard for slavery due to financial interests.
- The late 19th century saw monopoly holders gain control over industries, affecting workplaces and social structures.
- Children worked to support families as there were no child labor laws; women often worked in sweatshops, while men worked long hours for low pay (12-14 hours a day, six days a week).
- The economy and society were tightly controlled by a few, leading to high mortality rates and a lack of concern for workers.
- The situation began to change in the 20th century, particularly after events like the Triangle Shirtwaist Factory fire, which highlighted the need for social and economic reforms.
- This period marked a shift towards progressivism, aiming for both economic and social development from the 1900s to the 1929 market crash, during the prosperous Roaring Twenties.