Welfare Capitalism

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Welfare Capitalism

Welfare capitalism sprung up during the Industrial Revolution in America.  Welfare capitalism is the combination of a capitalistic economy as well as a welfare being provided to employees.  Welfare capitalism started during the Industrial Revolution in America due to the injustices that were going on in the workplace.  The welfare capitalism came in and made many companies provide higher pay, health care, housing and pension plans.  They also started providing subsidized housing, and helped with outlawing child labor and imposed minimum wage.