What was the significance of the Wagner Act (National Labor Relations Act) of 1935?
Show answer and explanation
Correct answer: It established the legal right of workers to join unions and bargain collectively
The Wagner Act was a massive expansion of federal regulation into the workplace. It created the National Labor Relations Board to oversee union elections and investigate 'unfair labor practices' by employers.
Keep practicing
More Laissez-Faire vs Regulation questions
- In the late 20th century, 'deregulation' in industries like airlines and telecommunications was intended to:
- The Sherman Antitrust Act of 1890 was often ineffective in its early years because:
- Environmental regulations like the Clean Air Act (1970) are based on the economic concept that:
- Herbert Hoover’s 'Associationalism' was a middle-ground approach that encouraged:
- Critics of government regulation often argue that it leads to 'regulatory capture,' which occurs when:
- The term 'laissez-faire' is most closely associated with which of the following economic philosophies?