The Epic of American Industry by James B. Walker

The Epic of American Industry

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Here is American history as seen through the story of American business, the industrial point of view. The major promise is that political freedom and economic abundance are inseparable, effective factors involved in our American capitalist heritage. From the original colonists and the ingenious Yankees down to the Carnegie-Morgan tycoons, America has revealed an incredible capacity for expansion, inventiveness, resourcefulness, and big business. There's the small time trade of the colonists, the ship building, fishing, shoe making. Then come the great advances that made expansion possible, in such lines as agriculture, farm machinery, development of natural resources, communication, transportation, bank systems; finally airline and radio -- and the attaining of the highest standard of living the world has conceived. Mr. Walker reveals, too, those weak spots in our economic development, trusts, monopolies, speculation, depression, boom-bust cycles. Government steps in- with anti-trust, legislation, controls, etc., but for Mr. Walker there is no system like Free Enterprise. Interesting sidelights on Hollywood- on radio- on interrelation of government and business. He manages to avoid the dry-as-dust economic textbook slant, and makes it sound reading for business men as well as students.

Pub Date: March 30th, 1949
Publisher: Harper