-
The rise of large corporations around 1900 reshaped American capitalism by concentrating economic power. While driving innovation and economic growth, these corporations also led to labor exploitation and monopolistic practices. This prompted regulatory efforts and labor movements, shaping a complex landscape of economic progress and social challenges. (Levy, 229)
-
-
The Progressive Era (1900s-1910s) aimed to curb corporate power, regulate monopolies, and improve working conditions. Reforms like antitrust laws and labor protections led to fairer competition and better labor rights, balancing capitalism. This era fostered social awareness, government intervention, and a foundation for modern consumer protections. (Levy, 320)
-
The establishment of the Department of Labor (1913) marked increased government oversight of labor conditions, promoting workers' rights and safety. It balanced capitalism by addressing abuses, advocating for fair wages, and regulating work environments. This improved working conditions, fostered labor movements, and contributed to a more equitable societal landscape. (DOL)
-
World War I spurred government intervention and industrial mobilization, boosting American capitalism. Post-war, the Roaring Twenties brought economic growth, consumerism, and stock market speculation. This wealth gap led to societal disparities, culminating in the 1929 crash and Great Depression, prompting regulations and shaping the New Deal era. (Levy, 325) (Levy, 358)
-
The 1929 stock market crash triggered the Great Depression, exposing flaws in unregulated capitalism. FDR's New Deal responded with government intervention, banking reforms, and public works programs. This reshaped capitalism, emphasizing social safety nets, regulations, and public welfare, addressing inequality and enhancing societal resilience. (Levy, 367) (Levy, 385)
-
World War II spurred industrial production, innovation, and economic growth, shaping American capitalism. Post-war, the boom led to increased consumerism, suburbanization, and a strengthened middle class. This era's economic success cemented the U.S. as a global superpower and transformed societal norms, paving the way for a modern consumer-driven society. (Levy, 436)
-
The civil rights movement challenged racial segregation, prompting changes in corporate practices. Pressure to end discrimination led to fairer employment opportunities, diversity initiatives, and corporate responsibility. This marked a shift towards inclusivity, impacting social perceptions, diversifying the workforce, and influencing a more equitable capitalist landscape. (Levy, 538)
-
Reaganomics emphasized tax cuts and deregulation which aimed to stimulate economic growth. While it bolstered capitalism and stock markets, it also widened income inequality. The '80s saw financial expansion but also social disparities, sparking debates about trickle-down economics, wealth distribution, and the role of government in addressing societal imbalances. (Levy, 595)
-
The 2007 Great Recession exposed financial vulnerabilities and regulatory gaps in American capitalism. It led to banking reforms, increased scrutiny of Wall Street, and debates about economic inequality. The recession caused job losses, foreclosures, and shook public trust, prompting discussions on financial ethics, government intervention, and the need for a more stable and equitable economy. (Levy, 702)
You are not authorized to access this page.