Why Did Mass-Production Industries Such as the Automobile, Steel, Rubber

question 46

Multiple Choice

Why did mass-production industries such as the automobile, steel, rubber, electrical goods, and textile industries have weaker and smaller unions until the 1930s?

• A) The leading union, the AFL, organized skilled labor and generally ignored unskilled workers.
• B) Wages in those industries had been so good that workers did not see the need to organize.
• C) Employers were more opposed to unions in those industries than in industries requiring skilled labor.
• D) Unskilled workers tended to be immigrants and less educated and did not see the need for organization the way their skilled peers did.

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Definitions:

Discount Period

The time period between the date of sale and the due date, during which a payment may be made at a reduced rate.

Capital Investment

Funds spent by a company to acquire or upgrade physical assets such as buildings, machinery, or equipment to boost its long-term revenue and profitability.

Recovery

The process of regaining possession or control of something lost or taken away, or the period of economic rebound following a recession or downturn.

Cash Payback Period

The time period required for an investment to generate cash flows to recover the initial investment cost.