What Was Welfare Capitalism in the 1920s?

Welfare capitalism is the practice of companies providing their employees with good social conditions and benefits. One example of this from the 1920s is the Western Electric Company.

The Western Electric Company offered its employees settlement houses to live in. When female employees complained that life in the settlement was not serving their interests, the company introduced activities that would change this, such as baseball. In the late 1920s, welfare capitalism suffered because of the Great Depression. This meant that fewer employees benefited from educational programs and other welfare capitalist measures. However, it did reemerge after WWII when Sears, Roebuck & Co. introduced stock shares for employees.