jan 1, 1800 - Welfare Capitalism

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There is no exact date for when welfare capitalism was introduced but it is said to be around the early 19th century- Welfare capitalism came as a response to the growing effect of labor UNIONS where workers would determine what benefits they receive. To please workers and avoid these unions, companies would offer certain benefits to their employees. This Welfare Capitalism also includes the social SAFETY NETS that government programs would provide.

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