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Colossus: How the Corporation Changed America [Hardcover]

Jack Beatty (Editor)
4.3 out of 5 stars  See all reviews (7 customer reviews)


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Book Description

April 10, 2001
Big business has been the lever of big change over time in American life, change in economy, society, politics, and the envelope of existence--in work, mores, language, consciousness, and the pace and bite of time. Such is the pattern revealed by this historical mosaic.
--From the Preface

Weaving historical source material with his own incisive analysis, Jack Beatty traces the rise of the American corporation, from its beginnings in the 17th century through today, illustrating how it has come to loom colossus-like over the economy, society, culture, and politics. Through an imaginative selection of readings made up of historical and contemporary documents, opinion pieces, reportage, biographies, company histories, and scenes from literature, all introduced and explicated by Beatty, Colossus makes a convincing case that it is the American corporation that has been, for good and ill, the primary maker and manager of change in modern America. In this anthology, readers are shown how a developing "business civilization" has affected domestic life in America, how labor disputes have embodied a struggle between freedom and fraternity, how corporate leaders have faced the recurring dilemma of balancing fiduciary with social responsibility, and how Silicon Valley and Wall Street have come to dwarf Capitol Hill in pervasiveness of influence. From the slave trade and the transcontinental railroad to the software giants and the multimedia conglomerates, Colossus reveals how the corporation emerged as the foundation of representative government in the United States, as the builder of the young nation's public works, as the conqueror of American space, and as the inexhaustible engine of economic growth from the Civil War to today. At the same time, Colossus gives perspective to the century-old debate over the corporation's place in the good society.

A saga of freedom and domination, success and failure, creativity and conformity, entrepreneurship and monopoly, high purpose and low practice, Colossus is a major historical achievement.


Editorial Reviews

From Publishers Weekly

In this anthology of news articles, critical essays and excerpts from biographies, letters and literature, editor Beatty (The World According to Peter Drucker), a senior editor at the Atlantic Monthly, charts a history of for-profit corporations from the 17th century to today from the Massachusetts Bay Company and the first railroads to Safeway and Time Warner. Contributors as diverse as a mill worker named Sarah Hodgson, John Steinbeck, 19th-century Supreme Court Justice Roger B. Taney and Susan Faludi address issues ranging from child labor, strikes and capitalist indoctrination in schools to scientific management and the hostile takeover. The focus of the book drifts from a history of for-profit corporations to an account of large-scale business enterprises regardless of legal form. However, some inclusions fit neither vision, such as a commentary by Charles Dickens on American spitting and a 30-page discussion of AT&T advertising from 1906 to 1939. More confusing are the sometimes sloppy attributions: an extreme example begins with a fragment from a quotation by Alexander Hamilton followed by a quote from "two historians of the 1790's" without further elaboration on who they were and whether they wrote during the period or studied it. Drawing mostly on recent secondary sources, the book encompasses a range of viewpoints, from intellectuals to laborers, yielding a sometimes muddled but often richly textured overview. Agent, Rafe Sagalyn. (On-sale Apr. 10)Forecast: Aimed at the sophisticated audience among whom Ron Chernow (The House of Morgan, etc.) has enjoyed great success, this flawed yet intriguing collection won't come close to Chernow's sales, but should find a solid niche.

Copyright 2001 Cahners Business Information, Inc.

From Library Journal

Beautifully edited by Atlantic Monthly senior editor Beatty (The World According to Peter Drucker), this richly detailed anthology traces the rise of the American corporation from its roots in Colonial America to its present dominance of the American economy, society, and culture. The book's greatest strength is its evenhanded approach to complicated topics, such as the corporation's place in society, the concept of limited liability, and the role that women, children, minorities, and slaves played in the development of the American corporate state. Equally impressive is the finely honed collection of readings that bring to life the people, technological innovations, places, and events that shaped the corporation as we know it today. Especially useful are sections highlighting the contributions of John D. Rockefeller, Andrew Carnegie, Edward Harriman, Henry Clay Frick, Henry Ford, J. Pierpont Morgan, Thomas J. Watson, Alfred P. Sloan, Frederick Winslow Taylor, and Bill Gates. Essential for both academic and public libraries. Norman B. Hutcherson, California State Univ., Bakersfield
Copyright 2001 Reed Business Information, Inc.

Product Details

  • Hardcover: 528 pages
  • Publisher: Broadway (April 10, 2001)
  • Language: English
  • ISBN-10: 0767903528
  • ISBN-13: 978-0767903523
  • Product Dimensions: 9.3 x 6.6 x 1.7 inches
  • Shipping Weight: 1.8 pounds
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #1,107,501 in Books (See Top 100 in Books)

 

Customer Reviews

7 Reviews
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Average Customer Review
4.3 out of 5 stars (7 customer reviews)
 
 
 
 
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7 of 7 people found the following review helpful:
5.0 out of 5 stars Essays, poems, editorials and company histories, June 7, 2001
This review is from: Colossus: How the Corporation Changed America (Hardcover)
These writings consider the impact on American history and events of the rise of big business, using essays, poems, editorials and company histories to reveal that it's the corporation which has ultimately served as the agent of social change in this country. An intriguing collection of writings provides a different kind of economic and social history: one based on business events.
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4 of 4 people found the following review helpful:
5.0 out of 5 stars Macro Perspective...Micro Analysis, April 30, 2002
This review is from: Colossus: How the Corporation Changed America (Hardcover)
How to describe this book? It has immense scope ("how the corporation changed America" during the past 350 years) but, under Beatty's brilliant supervision, the narrative somehow retains a sense of intimacy as he and others focus on defining moments, pivotal developments, heroes and villains, great business successes as well as failures, shifting roles played by the federal government, westward expansion, two world wars, natural disasters, and the emergence of high technology This is indeed an epic narrative worthy of Tolstoy with a diversity of "characters" worthy of Dickens. Beatty skillfully blends all manner of different sources with a series of his own commentaries. Great stuff.
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10 of 13 people found the following review helpful:
5.0 out of 5 stars Big Military-Industrial-Congressional Complex v. The People, June 13, 2001
By 
Robert Rouillard (Rochester, MN USA) - See all my reviews
This review is from: Colossus: How the Corporation Changed America (Hardcover)
Jack Beatty assembles a chorus of voices, in Colossus, singing the effects of the corporation upon America. These voices cohere in contrapuntal fashion, in such a way to leave one wondering for some time as to the bent of the author toward the corporation.

From Vanderbilt to Gates, he describes the "financial fathers" and the edifices which they have created. We are given the stories of their evils and virtues, much rehearsed in other works by various authors. What Beatty achieves, however, through using a chorus of voices is a perspicacious view, all congealing to a fine conclusion, which so often falls hollow in historical works.

Beatty succeeds in making concerns about the future of the corporation very relevant by demonstrating a trajectory of the corporation through history. First, corporations are a set up for public works...then for profit with the public good in view. The public good recedes further and further from the purpose of the corporation.

All the while the government sector does a dance of power with the corporation. While the corporation spirals to ever greater spheres of influence, Government takes on more and more protective roles. Sometimes the corporation is out of control, other's government is implementing a disciplinary measure. The now popular whipping boy of the media, Big Government, has nothing on the evils of corporate power.

What could be more relevant to a time when we have seen the concentration of power into the board rooms of few corporations? When we have seen the installation of a corporate lackey into one of the highest positions of power in the world? A very important read for any person concerned with the role of the corporation.

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