America 1930-1939: Business and the Economy Research Article from American Decades

This Study Guide consists of approximately 106 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of America 1930-1939.
Encyclopedia Article

America 1930-1939: Business and the Economy Research Article from American Decades

This Study Guide consists of approximately 106 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of America 1930-1939.
This section contains 188 words
(approx. 1 page at 300 words per page)
Buy the America 1930-1939: Business and the Economy Encyclopedia Article

Violence against labor reflected the beliefs of many industrialists that wage and safety demands by labor were illegitimate and communistic. When the New Deal took up the cause of labor with the passage of Title 7(a) of the National Industrial Recovery Act and the 1935 Wagner Act, both of which protected the right to bargain collectively, many in the business community were incensed. At the heart of orthodox economic theory was a belief in what Herbert Hoover termed "rugged individualism," a notion derived from social Darwinian philosophy that maintained that only a few "fit" individuals were capable of economic success and prosperity. By backing the workers, many businessmen felt the New Deal was supporting individuals who had failed in the competition of life; high wages for such people, many felt, would be squandered and wasted. To many businessmen, the New Deal was taking from the most capable and...

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This section contains 188 words
(approx. 1 page at 300 words per page)
Buy the America 1930-1939: Business and the Economy Encyclopedia Article
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