Labor, Industry, and Regulation during the Progressive Era

By Daniel E. Saros

© 2009 – Routledge

184 pages | 14 B/W Illus.

Purchasing Options:
Paperback: 9780415541602
pub: 2012-02-23
US Dollars$54.95
Hardback: 9780415996792
pub: 2008-11-20
US Dollars$140.00

About the Book

The Progressive Era was among the most volatile times for the economy and labor in American History. Daniel E. Saros explores the institutional and economic conditions of this time, revealing new insight into the regulated nature of industry and the conditions of labor. Using the steel industry as a case study, Saros demonstrates how the United States Steel Corporation enhanced the performance of the steel industry by initiating a price and wage stabilization program. In an effort to combat potential threats from the federal government, the American public, and organized labor to the market stabilization program and mechanization drive, the steel companies introduced a paternalistic welfare program, company unions, and limited hours reform. Saros also contrasts this time with free market periods, examining the impacts on rates of profit, output growth, and capital accumulation.

Table of Contents

Introduction 1. A Theoretical Framework for the Historical Analysis of American Industry 2. The Structure and Performance of the Progressive Era Regulationist Institutional Structure (RIS) 3. Regulation in the Era of Big Steel 4. The Consequences of Progressive Era Regulation for the Steelworkers 5. Analytical Results of the Case Study. Conclusion

About the Author

Daniel E. Saros is Assistant Professor of Economics at Valparaiso University.

About the Series

New Political Economy

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Government & Business
HISTORY / United States / 20th Century