HISTORY 100AC Chapter Notes - Chapter bCourses Reading(s): Scientific Method, Lochner V. New York, Consumer Debt
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- a bakery had employed a worker that worked over 10 hours per day, 60 hours per week, and subsequently sued ny law for limiting their employees as such. The supreme court decided that the gov"t did not have the power to limit the supply of labour under given health conditions/requirements. I take my stand absolutely, where every progressive ought to take his stand, on the proposition that private monopoly is indefensible and intolerable. Wilson argued for monopolies if they were economically efficient. I. e. they could do, preferably upon a mass scale, what someone / some other firm could not. Unless these monopolies were to utilize price-discriminatory practices. I reply that, it is not free competition that has done that, it is illicit competition . The great monopoly in this country is the monopoly of big credits. The american dream can now be bought.
