THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the 1920’s companies used welfare capitalism to encourage workers to
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be satisfied without pensions and fringe benefits.
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buy stock and invest in their companies.
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reject labor unions by providing specific benefits.
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register with mainstream political parties.
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Explanation:
Detailed explanation-1: -In the roaring 1920s, when other highly profitable companies began to emulate Ford, welfare capitalism began in earnest. Companies built cafeterias and health clinics, sponsored baseball and bowling leagues, and granted days off for the opening of deer season.
Detailed explanation-2: -Welfare capitalism provided social programs to help worker’s rights and also to increase worker production and economic development.
Detailed explanation-3: -Welfare capitalism refers either to the combination of a capitalist economic system with a welfare state or, in the American context, to the practice of private businesses providing welfare-like services to employees.
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