History Labor Strikes

History Labor Strikes - Jan. 23 History: Labor Strikes...

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Jan. 23 History : Labor Strikes Emerging as the central question of 19 th century America: Who should benefit from the tremendous wealth from the industrialization? The capitalists who provided the essential investment that generated that wealth The worker whose labor produced the profit that enriched the nation Where property rights were the foundation of individual freedom and where individual freedom (ability to control one’s labor) was soon to be at the foundation as well Arguments pitted against each other: not making working class slaves, property rights are to the capitalists and taking away would be against American values Instability in American economy ads fuel to these debates – capitalist boom and bust cycles 1870s – the most severe depression at that point in time, longest downturn in American history in that point in time; went on for 65 months and at least 1 million workers unemployed, with no form of welfare or unemployment benefits to provide a safety net Number of Union members dropped and wages dropped significantly Labor Uprising of 1877: Leading to Strike: Railroad strike became the pretext for a turning point in American history that should not
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This note was uploaded on 10/13/2008 for the course HIST 128 taught by Professor Nelson during the Spring '08 term at UNC.

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History Labor Strikes - Jan. 23 History: Labor Strikes...

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