CHAPTER IV
POST-WAR CONFLICT AND RECONSTRUCTION
The three years following the close of the war repre-
sented a transition from the old order to the one now
prevailing. It was a period marked by unprecedented
industrial unrest and conflict, as well as by a widespread
and earnest attempt to realize a larger measure of democ-
racy in industry. There was a strong movement, on the
one hand, which had for its purpose a return to the old
laws of supply and demand and the use of economic
strength in determining wages, while, on the other hand,
there was an even more aggressive movement, the object
of which was to put aside the past and to inaugurate a new
industrial era. This latter movement was relatively not
so strong industrially and financially as the former, but
the lack of financial resources was largely compensated by
its determination, aggressiveness, and enthusiasm for the
establishment of a larger participation of employees in the
control and output of industry based on new ideas and
principles developed during the war.
PROGRESSIVE OPINION AND CONSTRUCTIVE INDUSTRIAL
STATESMANSHIP
An influential group, composed of students, statesmen,
and publicists, as well as some representatives of both
capital and labor, wished to carry over into the years of
peace, the experience in wage-fixing and industrial rela-
tions—both as to practises and new ideas—which had been
developed by the war. They claimed that wartime rates
of pay should not be reduced, as pre-war wage-scales had
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