Discuss the major components of the "new capitalism" that emerges during the 1920s: the alliance between state and industrial capital, Taylorism, and Fordism. How do these affect workers?
             In 1920, America was fresh out of World War 1 and carrying a boisterous attitude. From the War, Americans realized that industry meant power in the overall scheme of the world. By 1920, a "new capitalism" was known in industry. The major components of this new capitalism were: an alliance between state and industrial capital, Taylorism, and Fordism. These components, as well as how they affect workers will be discussed in this essay.
             After the war, workers began returning to factories to assume their old positions. What they found were owners of large corporations gaining more and more control over employees. Owners were proposing to crush the striking power of the working class in turn for higher wages, and increased benefits. These higher wages led to a "new capitalism" which is as Greene describes (Greene, 1998:111), "a new era of harmony between capital and labor."
             At the start of 1920, industry was the largest contributor to the GMP, 200 companies contributed to over half of this country's wealth. During the war, it was industry that swayed the outcome as factories shifted their attention to producing ships and weapons. The time immediately following the war was also focused on improving the army and navy to become "second to none", which meant an increase in the government's industrial interest.
             One way to ensure that the government could help industry was to help intervene in strikes that had become widespread throughout factories. Owners were finding that the government was a useful ally in the ending of strikes. Most strikes were solved in court cases, and cases that went as high as the Supreme Court were now being decided in favor of owners, as well as provid...