First, the transfer of power from labour to capital soon translated in an analogous transfer of income and wealth within most OECD countries and many developing countries adopting similar policies. The indexes of inequality in the distribution of income started to increase since the late 1970s and continued the upward trend until now. In addition, the increasing inequality often reflected growing poverty also in the richest countries (including the US and many European countries). The neoliberal policies systematically violated the basic conditions of social sustainability during all the period. This failure had a significant impact also on economic sustainability as measured by the growth of GDP.
At the turn of the 19th century riots and strikes played an essential role in increasing the amount of positive labor standards for workers, decreasing the profit of industry owners and the national economy, and the rise of consumerism and the middle class. The strikes were very violent; this scared the middle class, which led to their demand for labor laws. Along with this many of the strikes resulted in workers getting a raise in pay, which ultimately led to the growth of the middle class. Although the strikes had a positive effect on the workers the strikes weren’t good for everyone. The strikes played a major role in decreasing factory owner’s profits, and even slightly hampering the economy’s growth.
Poor people have trouble getting jobs and putting food on the table. But if they raise the taxes for the upper class, it can motivate some rich people to move to another country. It also divides America. It can turn the lower class and middle class against the rich and have the rich against the poor and middle class. Two thirds of the US support higher taxes on the wealthy and a higher minimum wage as ways to narrow the wealth gap.
After the Civil War, the Second Industrial Revolution was established due to America’s rapid growth for industry and economics. Capitalists during the industrial period of 1875-1900’s were either accused of being a robber baron or a captain of industry. Some capitalists leaders who were accused of being a robber baron or captain of industry included J.P. Morgan, Andrew Carnegie, Andrew W. Mellon, and John D. Rockefeller. A robber baron is a business leader who gets rich through cruel and scandalous business practices. The captains of industry is a business leader who wants to better the companies in a way that it would be positively contributing to the country.
The business owners had more power than the politicians. Railroads were a hung impact on the United States, it provided faster mobility and hundreds of jobs. In the Gilded Age was when everything went corrupt. The business people were paying off the people in the government to get favors from them. “Gilded” otherwise meant shiny on the outside but not so shiny on the out.
This was all in result of the market crashing, sending the economy into a downward spiral. Shortly after, WWII came around and it pulled the economy back up by providing jobs for people. Not only did it provide jobs, but it also changed the way people lived and the ideas of consumerism. People now had more money to spend on things they wanted, rather than barely being able to afford necessities. The transformation of American society after WWII can be seen through suburbanization, the GI Bill, the automobile, effects of consumerism on society
Some arguments stated that immigrants lowered minimum wage due to the excess of foreign workers seeking jobs, and even that “America 's racial stock was being overrun by undesirable ethnicities” (“Intolerance”). Several changes were made to slow down immigration due to this fear of communism spreading inside America. These included literacy tests and a maximum cap on the number of people allowed to enter the country. However, even these changes were seen to be insufficient. The National Origins Act of 1924 was passed, in which the nationalities of immigrants largely determined their likelihood of entering.
Brandon King asserts, “We may have genuine inequality issues and a sizable divide between the rich and poor, and we might have an economy that is recovering too slowly for public interest” (613). What Brandon King is saying is that those who don't have as much power as the upper-class, tend to lose hope because lower and middle-class people see those at the top as superior. Sometimes we tend to believe that inequality has become inevitable to overcome because it’s been going on for long. David Leonhardt writes in his essay, “we could end up with a society in which the rich separate themselves from everyone else, perpetuating their wealth from one generation to the next (543). His point is that there can be something for the inequality between the rich and poor.
The neocolonial period from 1790-1890 was a turning point in latin American history; Latin America experienced rapid changes in industrialization, transportation, and technological aspects that benefited the few and privileged yet came to the expense of a diverse and culturally vibrant native population. New neocolonial principles rooted in the philosophy of progress created a latin society that condoned the exploitation of many native populations. Due to a combination of European influence and latin American political corruption, many native populations suffered politically, economically, and culturally. The political aspect of neocolonialism in Latin America was extremely damaging to the majority of the Latin American population, because
When Harrison was chosen for the precidency he choosed to have the taxes over imported goods increased. By doing this he won support because this helped not only the business men but the country in general. Since people stopped importing and started buying what the united states produced the state won more money. The spoil system was a big issue of corruption in the guilded age. It often hold a battle between the two political parties.