Industrialization and the Regulated EconomyNameCourseProfessor's NameDate1Industrialization and the Regulated EconomyIntroductionThe development of labor unions between 1865 and 1940 was generally a negative forceleading to economic depression and unnecessary laws that stifled businesses and hinderedgrowth. As the country became a significant industrial power, conflicts between workers andfactory owners intensified. The workers were protesting poor working conditions and theaccompanying low wages in return for their services. The labor unions usually led to thedisruptions of activities and consequently, the economy of the nation. The unions developed bydifferent categories of workers comprised of intricate and changing perspectives regarding thedevelopment of various movements (Montgomery, 1989). Such events during the 20th centurydisrupted the endeavor to control factory lands and other activities in the industrial sector of theeconomy. Unions concentrated on ensuring appropriate and reasonable working hours andconducive working conditions. This was done at any costs disrupting the activities in factorieswhich influenced the economy and laws passed following such disruptions.The Great Railroad Strike of 1877Economic depression in Europe that occurred in 1873, together with a combination ofturmoil of post-civil wars led to the downfall of the American Economy. Financial institutionsand businesses failed, and consequently, unemployment increased to 14 ...
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