what are the arguments of protection what are the arguments of protection what a
ID: 1166941 • Letter: W
Question
what are the arguments of protection what are the arguments of protection what are the arguments of protection The right of the workingman to combine and to form trade unions is no less sacred than the right of the manufacturer to enter into associations and conferences with his fellows." -Andrew Carnegie 1) How did the Homestead lockout and strike of 1892 impact the labor movement of the late-19 century? In your response, please define the ideas of laissez-faire and social Darwinism as they specifically relate to this event 2) In what ways does this strike symbolize the growing frustrations between labor and management during the Gilded Age? In your response, please discuss the struggle for control over the workplace-in particular, the rights that the working classes believed they deserved, and management's contrary attitude toward those perceptions. 3) Since this event occurred during America's transition into an industrial society how did it's outcome affect working conditions in the United States over the course of the next century? In other words, what consequences of this struggle between management and labor can we still see today? (Ctrl) ,Explanation / Answer
Arguments for protection are as follows;
1. Infant industry argument; implies that new industries should be given initial protection from incumbent firms of developed countries until they reach economies of scale as they lack experience and expertise which requires time.
2. Diversification of industries; a country cannot rely on a few numbers of industries. Hence it is necessary to have large industries which produce varieties of products.
3. Employment protection; as a firm goes through its downfall, it should be given some time to the workers to find new employment. These contracting industries need protection to prevent unemployment from flourishing.
4. Employment creation; protection of home industries create employment for people but only in the short run till other countries retaliate and reduce imports which would reduce employment as well.
5. protection of domestic industries from unfair competition from other nations.
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