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Effects Of Profit Economics In The Late 19th Century

373 Words2 Pages

The various effects made during the late 19th century were the wage reduction, American Revolution, Civil War, nights of labor, World War I, New Deal, World War II. This sustained trade union organizations among the American workers.
The operators of business firms— the management—seek to achieve the greatest profits possible by increasing production through the most efficient use of materials and labor. This is called the profit motive. The profit motive, in and of itself, is a good thing. Without it, there is no market, no production, no employment and no goods of any value. The problem in the 19th century was that management, as a result of a number of factors, treated workers very badly, indeed, and saw no reason to do otherwise.

To purchasers,

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