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Determined to bring utilities and small-building construction to rural areas, William R. Carter joined with Dick Farrar and John Williams to form the CFW Construction Company in Fayetteville, Tennessee, 1952. Named for the partners, CFW expanded into building plants, roads, tunnels, bridges, and more. Within forty years the company grew to five offices, 14 subsidiaries, a thousand pieces of equipment, and a proud workforce of more than 1,500 across a dozen states. Then came the scandals. By the end of the 20thcentury, CFW was gone, and the lives of everybody had changed. Dick Farrar’s son was there for the best and the worst. Now he’s written the definitive history, not just about a company, but a region and its people. With nearly a hundred restored photos, most in color, Farrar, Jr., tells the true story, naming names and documenting the details. The Rise and Fall of a Construction Giantis a keepsake, a historical record, the chronicle of an era, a compelling story told by the man at its center in the end.
This book breaks new ground, taking business history where it has only reluctantly gone in the past. The introduction reviews the small, but growing, literature, based on fresh archival materials, which investigates the history of business organisation in the Global East, or the Second World in the Cold War. It argues that there is already a great variety of approaches that go beyond the view of the Soviet-style firm as primarily a production function. Focusing on East Germany and Yugoslavia, seven chapters showcase new directions in the field, and demonstrate that the combination of business history with other historical and disciplinary approaches can help unpack the diversity of historical experiences, explain geographical variances, and offer new avenues for synthesis. The volume’s exploration of different historical eras, including those of postwar reconstruction, through globalisation, to transformation, also shows that the Global East should not be treated as disconnected from the rest of the world, but as part of wider, global trends. As such, the volume makes a plea for the utility of studying the Global East to business history and the utility of business history to the study of the Global East. The chapters in this book were originally published as a special issue of Business History.
It started and ended with a financial catastrophe. The Darien disaster of 1700 drove Scotland into union with England, but spawned the institutions which transformed Edinburgh into a global financial centre. The crash of 2008 wrecked the city's two largest and oldest banks – and its reputation. In the three intervening centuries, Edinburgh became a hothouse of financial innovation, prudent banking, reliable insurance and smart investing. The face of the city changed too as money transformed it from medieval squalor to Georgian elegance. This is the story, not just of the institutions which were respected worldwide, but of the personalities too, such as the two hard-drinking Presbyterian ministers who founded the first actuarially-based pension fund; Sir Walter Scott, who faced financial ruin, but wrote his way out of it; the men who financed American railways and eastern rubber plantations with Scottish money; and Fred Goodwin, notorious CEO of RBS, who took the bank to be the biggest in the world, but crashed and burned in 2008.
Recounts how Texas oil transformed wealth and power in America through the stories of the state's four most influential oil families, tracing how they rose from modest backgrounds, shaped the government, and bankrolled the rise of modern conservatism.
Jonathan A. Grant has written a highly original study of the Putilov works—the most famous industrial conglomerate in the Russian Empire during the late nineteenth and early twentieth centuries. With the emergence of a capitalist system in the Russian federation in the 1990s, scholarly debate over the nature of Russian capitalism has been revived, and with this study, Grant issues a major challenge to the conventional wisdom on the nature of the Russian economy in the years before the Bolshevik revolution. Grant argues that the Putilov Company, which manufactured arms for the Russian state and a wide range of heavy industrial equipment for civilian use, adopted business practices that resembled the experiences of large machinery and armaments manufacturers in Britain, France, the Austro-Hungarian Empire, and Germany. This interpretation runs directly counter to the traditional and widely held view that Russian capitalism was shaped by the tsarist state's orders and subsidies and that the tsarist system was incompatible with the development of modern capitalism. Grant makes direct comparisons between Putilov and the famous western firm of Krupp and Vickers, illustrating similar business decisions made by both companies in terms of diversification of the product line and a penchant for private (as opposed to state) markets for primary income. Grant has gone beyond Soviet works on the Putilov plant, examining archival documents of the company and offering critical comments on both Soviet and Western scholarship on Russian economic and social history from the perspective of this important industrial enterprise. Grant not only repeatedly demonstrates that the Putilov firm responded effectively to the changing market for its wide range of industrial products but also shows that the tsarist regime provided far more of the "systemic regularity" needed for capitalist development than generally believed. Grant's work is a significant contribution to this ongoing debate, offering a much-needed case study of Russian business history and a comparative study that extends across national boundaries. Big Business in Russia is essential reading for graduate students in Russian and European history and will also appeal to American and European business leaders eager to understand the historical background of the current economic challenges facing Russia.
This work studies the history of two major Scottish shipbuilding firms based on the River Clyde - Scotts Shipbuilding and Engineering Company and Lithgows Limited. It traces each firm’s origin, success, decline, and collapse, and places the events into the historical context of maritime Britain. The aim is to enhance the academic understanding of the cause and effect of the decline of the British shipbuilding industry, delving beyond the factors of poor industrial relations, international market conditions, and entrepreneurial failure in search of further answers. As a private company, Lithgows Limited provides useful insights into company management outside of state control. The authors base their analysis on the catalogued volumes of Scotts and Lithgows records, though due to the large number of gaps in the data, they also conducted interviews with major players in each company from the post-war period. Public, business, and banking records also provide supplementary material. The book is separated into eight chapters, plus a concluding ninth, an appendix listing ships built by Scott Lithgow Limited between 1970-1987, and a select bibliography.
The definitive biography of the iconic skyscrapers and the ambitions that shaped them--from their dizzying rise to their unforgettable fall More than a year after the nation began mourning the lives lost in the attacks on the World Trade Center, it became clear that something else was being mourned: the towers themselves. They were the biggest and brashest icons that New York, and possibly America, has ever produced--magnificent giants that became intimately familiar around the globe. Their builders were possessed of a singular determination to create wonders of capitalism as well as engineering, refusing to admit defeat before natural forces, economics, or politics. No one knows the history of the towers better than New York Times reporters James Glanz and Eric Lipton. In a vivid, brilliantly researched narrative, the authors re-create David Rockefeller's ambition to rebuild lower Manhattan, the spirited opposition of local storeowners and powerful politicians, the bold structural innovations that later determined who lived and died, master builder Guy Tozzoli's last desperate view of the towers on September 11, and the charged and chaotic recovery that could have unraveled the secrets of the buildings' collapse but instead has left some enduring mysteries. City in the Sky is a riveting story of New York City itself, of architectural daring, human frailty, and a lost American icon.
Traces the career of Schwinn, from its uncontested predominance over the bicycle market of the 1950s to its failure to cope with the mountain bike fad of the 1980s, to its ultimate descent into bankruptcy and corporate takeover. Tour.
This is the first full account of how an influential form of commercial organization - the multinational enterprise - drove globalization and contributed to the making of the modern world. Robert Fitzgerald explores the major role of multinational enterprises in the events of world history, from the nineteenth century to the present, revealing how the growth of businesses that operated across borders contributed to an unprecedented worldwide transformation and deepening interdependence between countries. He demonstrates how international businesses shaped the economic development and competitiveness of nations, their politics and sovereignty, and the balance of power in international relations. The Rise of the Global Company uses the lessons of history to question prominent contemporary interpretations of multinationals and their consequences, and offers a truly wide-ranging survey of multinational enterprise, spanning two hundred years and five continents.