ACCT 001 Lecture Notes - Lecture 30: Distributive Justice, Consumer Protection, Living Wage
18 Sep 2020
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Document Summary
With the development of big businesses, large mining operations, and expansive agricultural firms, along with the industrial revolution, society struggled to determine the appropriate role of these large organizations. Unions developed to ensure workers" interests and well- being were considered, and the idea of a living wage that was sufficient for education, recreation, health, and retirement began to take hold. Industrialization also led to concerns about pollution and the environment, with early environmental groups arguing for the preservation of certain forests, rivers, and natural landscapes. Air pollution in certain cities became a significant problem, as did water quality in rivers and lakes. Consumer protection became increasingly important, with legislation in many countries that sought to safeguard consumers from potentially dangerous products. The sense that corporations could become too large, and have too much power over consumers, workers, and governments led to the enactment of anti-trust legislation that split up some large firms, and prevented others from becoming too powerful.
