Corporations in Modern America

Paper Summary:

The paper shows how the story of American business has continued to be one of increasing size and growth ever since the Great Depression and World War II. The paper looks at how the postwar boom created an America reliant upon large corporations and a government that supported those corporations, although it attempted to regulate corporate excesses. The paper concludes that as corporate entities have grown larger, the practice of government regulation of business size and ethics has become more difficult.

From the Paper:

"As early as 1920, President Calvin Coolidge was able to declare that the "chief business of America is business"(Bryant 1999). Beginning in the 1920s, after World War I, corporations were able to offer vast array of consumer goods to ordinary, middle-class Americans, spanning from automobiles to washing machines, radios, and refrigerators (Bryant 1998). Despite the stock market crash of 1929, the story of American business has continued to be one of increasing size and growth. Ever since the Great Depression and World War II large American corporations have continued to extend their outreach into every facet of modern commercial society. Although the federal government has attempted to regulate corporate practices, it has, at times also facilitated this expansion."

Sample of Sources Used:

• Bryant, Joyce. "The Great Depression and the New Deal." Yale-New Haven Teachers' Project. Volume 2. 1998. 2008. 19 May 2008. http://www.yale.edu/ynhti/curriculum/units/1998/4/98.04.04.x.html#b
• Samuelson, Robert J. "The Modern American corporation." APF Reporter. Volume 5. 1983. 19 May 2008. http://www.aliciapatterson.org/APF0505/Samuelson/Samuelson.html
• Tassava, "The American Economy During World War II." EH Net. 10 Feb 2008.19 Mat 2008. http://eh.net/encyclopedia/article/tassava.WWII

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