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Lecture 13

HIST113 Lecture 13: Lecture 13. Business and the state early 20th C. Nov 6 2014.docx


Department
History
Course Code
HIST113
Professor
Catherine Briggs
Lecture
13

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HIST 113
Lecture 13
November 6 2014
Business and the State Early 20 th
Century
Themes and Questions
1. Factors that lead to greater government intervention in business by early 20th
century.
2. What are the differences between promotional measures and regulatory measures?
3. The growth of “big” business and its impacts on workers, consumers, and small
business. Relation to increased government intervention.
4. Limits of government regulation in the 1920s and 1930s.
Forms of Government Intervention
Promotional activities
oTo promote and encourage economic activities and development
oEx. Subsidies, tariffs, monopolies, licenses
Regulatory measures
oTo control business to correct problems arising from economic activities
oEx. Labor laws, capital reserve requirements
Public enterprise
oGovernment owned or initiated businesses – usually to facilitate business
that is in the “public good”
oLeast common
oEx. Inter-colonial railway
Why was there a Growth in Government Intervention in the Early 20th C?
Problems of industrial, urban development
oChild labor
oRisks to workers
oPoverty from low wages, or underemployment
oPuts pressure on government to address the imbalances that come out of
the economy
The rise of big business
oBy the early 1900s there are more voices arguing that big businesses have
too much power over prices and goods
oHas the potential to control too much of their particular sector
oAchieving the power of a monopoly
oBecause of the big businesses buying power they are in a position to push
out the smaller retailers through pricing wars
Nationalist pressures
oPressures from different areas of the nation
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