Asked by Brianna Vitiello on Jun 10, 2024
Verified
How was the Great Depression instrumental in setting the workplace governance rules in the United States?
Great Depression
A severe worldwide economic downturn that lasted through the 1930s, marked by massive unemployment and financial instability.
Workplace Governance
The system by which a workplace is controlled and directed, encompassing policies, processes, and people.
- Describe the procedure for implementing rules and governance in the workplace.
Verified Answer
MM
Morghan ManuelJun 16, 2024
Final Answer :
As a result of the Great Depression, the general public became concerned about the ability of a purely competitive market model to provide reasonable terms and conditions of employment. As a result, legislation was passed that reflected a prevailing belief that unions are needed to counter the power of corporations. In addition, minimum working standards were established via the Fair Labor Standards Act to ensure some basic working standards existed where no collectively bargaining was in place.
Learning Objectives
- Describe the procedure for implementing rules and governance in the workplace.
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