MindTap Cergage leaning Goog\" Chome 61678 IS8N-9781285860091 parentid -HON HEt
ID: 3606761 • Letter: M
Question
MindTap Cergage leaning Goog" Chome 61678 IS8N-9781285860091 parentid -HON HEt ngcengage.com stnchbuuindehtimbld-6491 71&nbNodeld-2402865148; iploymentidad738112117140071994661. MINDTAP Khal Chapter Review Activity: Building Factories, Building Cities, 1877-1920 Activity Information Back to Assignmet Attempts Keep the Highest: 63 i. Chapter Summary Problem ged dremacically. Industriskzstian and an ungrecedented infhl ae agrioultural focus to ore with comsideratle manufacturing. Following Reconstruction, American society chan immigrants converted the nation frem one with francial, and exporting power. Answer the following questions on the factors that led between 1877 and 1920 s q evtions on the factors that led to the ration's transformation Complete the following sentence and determine whether er the statement that follows is true or fahse to demonstrate your understanding of the makevp of the laber terce and how mechanization sffected the lives al wverage workers. and paying Ever focused on increasing profeablity, employers cut labor costs by them a low wage hiring women and chidren hiring solled workens True or False: Mechanization charged interpersonal communications, escna O False True What were some of the factors that contnbusted to urban growth between 1877 and 1920? Check al that appy. A new commuter cuture high personal debtExplanation / Answer
Ans:
By hiring womens and childern
Many employers of the late nineteenth century believed in the “iron law of wages.” In other words, they believed that labor is sold in the marketplace and, like any other commodity, its price (wages in this case) should be dictated by the law of supply and demand. It was further held that if workers are paid unnaturally high wages they will simply be able to support more children. That, in turn, will lead to an increase in the supply of workers and to more unemployment. Therefore, many employers held that they were actually doing workers a favor by keeping wages at a low level, in accordance with the “natural” economic law of supply and demand. In such a system, most wage earners felt trapped and exploited in a system controlled by employers.