Q:

What was welfare capitalism in the 1920s?

A:

Quick Answer

Welfare capitalism is the practice of companies providing their employees with good social conditions and benefits. One example of this from the 1920s is the Western Electric Company.

 Know More

Full Answer

The Western Electric Company offered its employees settlement houses to live in. When female employees complained that life in the settlement was not serving their interests, the company introduced activities that would change this, such as baseball. In the late 1920s, welfare capitalism suffered because of the Great Depression. This meant that fewer employees benefited from educational programs and other welfare capitalist measures. However, it did reemerge after WWII when Sears, Roebuck & Co. introduced stock shares for employees.

Learn more about US History

Related Questions

  • Q:

    Why is welfare bad?

    A:

    While welfare isn't inherently bad, opponents do cite a few issues with the system. Some believe the current welfare system in the United States discourages people from finding work, encourages childbearing for those who cannot afford it and doesn't provide a long-term solution to eliminating poverty.

    Full Answer >
    Filed Under:
  • Q:

    How can you apply for welfare online?

    A:

    Apply for welfare online by visiting your state's department of health and human services webpage. A range of forms necessary to complete the application process are available depending on your location.

    Full Answer >
    Filed Under:
  • Q:

    Who is eligible for welfare?

    A:

    Welfare eligibility is typically determined by income, family size and any crisis situations the family is currently undergoing, including pregnancy, homelessness, medical emergencies and unemployment. The specific state of residence determines eligibility requirements for welfare, and these requirements vary by state.

    Full Answer >
    Filed Under:
  • Q:

    How is socialism similar to capitalism?

    A:

    Capitalism and socialism are similar in only one broad respect: the idea that every person is compensated according to his efforts. The phrase "from each according to his ability, to each according to his needs," is the ideal of communism, which is the ultimate form of socialism but not reality.

    Full Answer >

Explore