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Essay / Research Paper Abstract
This 4 page paper examines the history of capitalism in America as it relates to industry. Post-industrial revolution America is discussed. The design and management of the American corporation is a primary part of the paper. Bibliography lists 2 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA343if.rtf
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Unformatted sample text from the term paper:
that would remain largely in place for some 70 years. " Indeed, one sees that the old corporate paradigm lasted for quite some time before postmodernity rendered some of these
models antiquated. Some of the characteristics linger in old, stuffy office complexes that house insurance companies for example, or even in some modern day factories. However, in order to understand
the model that grew up in twentieth century America, a bit of economic history is in order. Minskys theory for example notes five stages of development, which are
merchant capitalism between the years of 1607 and 1813, and industrial capitalism that existed between 1813 and 1890 (Whalen, 2001). The third stage is banker capitalism which originated in 1890
and took the nation through 1933 (2001). In 1933, managerial capitalism took over and lasted until 1982, but what is now in place is called "money-manager capitalism " (2001). The
period discussed in this paper is between 1914 and 1984 which encompasses for the most part banker capitalism and managerial capitalism. The industrial stage had already been over. At the
same time, industrial firms were ever-present in the United States. Going through these time periods, it should be noted that the industrial revolution did to some extent "undermine merchant
capitalism" (Whalen, 2001) . Profit motive was ever-present and so there was an expansion of industrial capitalism (2001). While perhaps the industrial model was fading and by 1914 the industrial
revolution was over, industry was driven by a new sense of what money could buy. There was a new fervor to drive the industrial model. The idea that is now
called the "American Dream" is still widely embraced even though most realize that there is only a small amount of truth to it. Yes, people do rise to fame and
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