HY

HY/AS3240 Making America Modern

A/P Ian Gordon
AS1/05-40

Lecture Two
American Business: Production Systems and the Corporation
Outline

Key Content:

The Rise of American Business
Structure of American Business
Management

Reading:
David A. Hounshell. From the American System to Mass Production, 1800-1932: The Development of Manufacturing Technology in the United States. Baltimore: Johns Hopkins University Press, 1984. Introduction.
Mansel G. Blackford and K. Austin Kerr. Business Enterprise in American History. Boston : Houghton Mifflin Co., 1994, pp. 125-143.

I. Introduction

II. The Armory System

    1. Standardized Parts
        Springfield, Massachusetts
        Harpers Ferry, Virginia
        XYZ Affair
        Eli Whitney

2. Driven by Military Needs

3. Transnational Nature
Jean-Baptiste Vaquette de Gribeauval

III. Standardization of Production

    1. Sewing Machines
        Singer Manufacturing Company
        McCormick Harvesting Machine Company

2. The Bicycle Industry

IV. Corporations

A corporation is a legal entity that brings together individuals for a specific purpose.

Santa Clara County v Southern Pacific Railroad Company (1886)

1. The Growth of Business

The Civil War (1861-1865)

Pennsylvania Railroad

2. Outcomes of Expansion

a. Issues

b. Solutions

3. The Structure of Corporations

a. The Carnegie Steel Company and Vertical Integration
Andrew Carnegie

        b. Standard Oil and Horizontal Integration
        John D Rockefeller
        Standard Oil

V. Mergers and Investment Banks

1. US Steel

2. Investment Banks

a. House of Morgan
J. P. Morgan

VI. The Anti-Trust Acts

Interstate Commerce Act (1887)
Sherman Anti-Trust Act (1890)

VII. Taylorism
Frederick Winslow Taylor

VIII. Conclusion

Link to Powerpoint