Hello, Everyone:
Here is your assignment for 8th Period. Value is 2.0 scaled points. Please finish for HW if you don't finish in class.
2. There are Five sets of Documents:
I. Responses to Industrialism
II. Industrialization
III. American Labor
IV. Changing Living Standards
V. The Gospel of Wealth
Post your answers to the questions at the end of each section. If you don't finish all of the sections, please finish for HW. You are being graded on completion of the task, and accuracy of information.
Here are the questions for each section:
SECTION I: 1. On what grounds do critics complain about the emerging industrial order? How valid do you find their criticism?
2. What do the quotations suggest should be the proper role of government in the economy?
3. Is bigness in industry the result of manipulation or the natural workings of economic laws? Is bigness in industry bad and if so, why?
4. Big business's critics accused it of financial trickery, political corruption, the unscrupulous exercise of monopoly power, inhumanity toward labor, and disregard for the consumer. Defenders stressed big business innovations--economies of scale, vertical and horizontal integration, rationalization of American industry, technical innovation, and promotion of efficient organization, capitalization, and research. Which argument do you find more persuasive?
Section II. 1. Why do you think the size of industrial establishments grew after the Civil War?
2. What difference might this make to the lives of employees?
3. Why do you think industrial output increased so rapidly in the late 19th century?
4. Which increased more rapidly--value added per worker in agricultural or in manufacturing and mining? Why?
Section III.
1. Describe the general trend in the wages of American workers.
2. When did wages rise most rapidly? Most slowly?
3. When was labor unrest greatest?
4. During what periods did the number of strikes rise most rapidly?
Section IV.
1. How did the standard of living of American and German workers compare in 1900?
2. Who in your view is better off and by how much?
3. Is a typical poor family today materially better off than a typical American family in 1900? If not, why not?
4. How have expenditures and diet changed over time?
Section V.
1. How does wealth come about, according to the quotations--by exploitation or by the virtues of patience and frugality?
2. What is the role of the entrepreneur in promoting economic development? in helping the poor and disadvantaged? What are the business leader's social responsibilities, if any?
3. How is economic inequality explained?
4. Can the private sector be trusted to serve the public interest?