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We live in a world of seemingly limitless consumer choice. Yet, as every shopper knows without thinking about it, many everyday goods – from beds to batteries to printer paper – are available in a finite number of “standard sizes.” What makes these sizes “standard” is an agreement among competing firms to make or sell products with the same limited dimensions. But how did firms – often hotly competing firms – reach such collective agreements? In exploring this question, Colleen Dunlavy puts the history of mass production and distribution in an entirely new light. She reveals that, despite the widely publicized model offered by Henry Ford, mass production techniques did not na...
This collection of cutting-edge research reviews the evolution of the American corporation, the dominant trends in the way it has been studied, and at the same time introduces some new perspectives on the historical trajectory of the business organization as a social institution. The authors draw on cultural theory, anthropology, political theory and legal history to consider the place of the firm in nineteenth and twentieth-century American Society.
The little-known story of Wall Street’s effort to court individual investors during the Cold War in order to build a bulwark against communism. Immediately after the frightening Great Crash of 1929, many Americans swore they would never—or never again—become involved in the stock market. Yet hordes of Americans eventually did come to embrace equity investing, to an extent actually far greater than the level of popular involvement in the market during the Roaring Twenties. A Nation of Small Shareholders explores how marketers at the New York Stock Exchange during the mid-twentieth century deliberately cultivated new individual shareholders. Janice M. Traflet examines the energy with whi...
Dunlavy examines the rich political context of a seeming paradox: authoritarian, centralized Prussia adopted a largely hands-off policy toward the railroads, but the more liberal, fragmented American government sought vigorously both to promote and to regulate the new industry. By also fragmenting interests and technological choices, the American structure impeded the emergence of the railroad as a system, while the centralized Prussian structure facilitated it.
Efforts to create and mould new technologies have been a central, recurrent feature of the American experience since at least the time of the Revolution. In Regulating Railroad Innovation, historian Steven Usselman brings this neglected aspect of American history to light. For nearly a century, railroad technology persistently posed novel challenges for Americans, prompting them to re-examine their most cherished institutions and beliefs. Business managers, inventors, consumers, and politicians all strained to contain the forces of innovation and to channel technical change toward the ends they desired. Moving through time from the first experimental lines through the polished but troubled railroad machines of the early twentieth century, Usselman examines diverse forums ranging from legislatures, and evolving corporate bureaucracies to laboratories, engineering societies, and world's fairs. In the process, his book situates technology within the dynamic history of an emergent industrial nation and elucidates its enduring place in American society.
This insightful Research Handbook contributes to the theoretical and practical understanding of corporate purpose and personhood, which has become the central debate of corporate law. It provides cutting-edge thoughts on the role of corporations in society and the nature of their rights and responsibilities.
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Learning by Doing in Markets, Firms, and Countries draws out the underlying economics in business history by focusing on learning processes and the development of competitively valuable asymmetries. The essays show that organizations, like people, learn that this process can be organized more or less effectively, which can have major implications for how competition works. The first three essays in this volume explore techniques firms have used to both manage information to create valuable asymmetries and to otherwise suppress unwelcome competition. The next three focus on the ways in which firms have built special capabilities over time, capabilities that have been both sources of competitive advantage and resistance to new opportunities. The last two extend the notion of learning from the level of firms to that of nations. The collection as a whole builds on the previous two volumes to make the connection between information structure and product market outcomes in business history.
From AM radio to color television, broadcasting raised enormous practical and policy problems in the United States, especially in relation to the federal government's role in licensing and regulation. How did technological change, corporate interest, and political pressures bring about the world that station owners work within today (and that tuned-in consumers make profitable)? In Radio and Television Regulation, Hugh R. Slotten examines the choices that confronted federal agencies—first the Department of Commerce, then the Federal Radio Commission in 1927, and seven years later the Federal Communications Commission—and shows the impact of their decisions on developing technologies. Slo...
On a spring morning in 1914, in the stark foothills of southern Colorado, members of the United Mine Workers of America clashed with guards employed by the Rockefeller family, and a state militia beholden to Colorado’s industrial barons. When the dust settled, nineteen men, women, and children among the miners’ families lay dead. The strikers had killed at least thirty men, destroyed six mines, and laid waste to two company towns. Killing for Coal offers a bold and original perspective on the 1914 Ludlow Massacre and the “Great Coalfield War.” In a sweeping story of transformation that begins in the coal beds and culminates with the deadliest strike in American history, Thomas Andrew...