61 business & labor interests
DESCRIPTION
TRANSCRIPT
Laissez-Faire
-idea that the government will stayout of the interests of people andbusinesses-
Monopoly
-business which controls the supplyof a particular product
Merger / Trusts
-Merger-two or more companies jointo form one
-Trust- several business act as ifone
Regulation
-public call to regulate monopolies
-Sherman Act, 1890
-Clayton Act, 1914
Public Utilities
-some monopolies are allowed
-their prices are regulated bygovernment
Conglomerates
-business that supplies a largevariety of products
-may become too powerful
Deregulation
-Idea that the government shouldreduce the amount of governmentregulation
Cooperation
-Government also tries to helpbusiness interests
Worker’s Conditions
-Working Conditions
Labor Unions
-Labor Unions are groups of workers
-Goal of Unions??
Collective Bargaining
-Collective Bargaining
-the ability of a group of workersto bargain together as a group
-Advantages-
Labor Union Methods
-Collective Bargaining
-Strikes
-Picketing
-Sit-downs
-Slowdowns
Employer Methods
-Court Injunctions
-Blacklists
-Lockouts
NLRB
-National Labor Relations Board
-Made Union activity a right
-Government acts as mediatorbetween unions and employers
Union Limitations
Union Practices Banned
-Closed Shop—job where only unionmembers are allowed to work
-Featherbedding—practice ofkeeping too many workers
Today’s Labor Unions
-Unions are weaker than in the past
-Taft-Hartley Act, 1947
-Right to Work Laws
Open Shop
Negotiations
-Mediation— 3rd party negotiationwhere both parties are under noobligation
-Arbitration— negotiations whereboth sides are to bound to the 3rd
party decision