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Progressivism
to New Deal: 1910 to 1939
1. Sectoral
Patterns in the U.S. Economy, 1866 -1939
2. The
Securities Bloc, 1914 -- 1939: The Morgan-First
National Sector
3. Eastern Rate
Case: Shipppers Assocation, 1910: Chicago
Subset
4. Business Advisory Council, 1933
5. "Business
Advisors Uphold President", May 3, 1935
6. Corporatists,
1939: Ezekiel List
7. Keynesian
Elite in the Second New Deal State, 1927
– 1937
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1.
Sectoral Patterns in the U.S. Economy, 1869-1939
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Input-Output
approach is basis for chart to the right.
My own work on the Keynesian Elite in the New Deal state goes up to
1939. At that time the political
economy was dominted by three hegemons:
1) the export-oriented South and Atlantic
and parts of
Miss valley
2) the securities bloc
3) the emergent mass consumption
sector
It was the latter that provided the socio-economic sinew for modern
progressivism (1890s to 1930s) whose key personanlity was Louis D.
Brandeis.
After
that my knowledge
drops off a cliff. Nevertheless, one can see a new kind of
cold-war progressive elite emerging in the Twentieth Century Fund and
the Committee for Economic Development. On the CED, see list
in Committee for
Economic Development, "The International Trade
Organization and the Reconstruction of World Trade" (New York, 1949)
Most interesting in this regard is the membership list of the Citizens' Committee for
Reciprical World Trade of 1948,
found in United States Senate, Committee on Finance, "Extending
Authoirity to Negotiate Trade Agrements," 80th Congress, 2nd Session,
Hearings (1948). Heading this Committee was Alger Hiss.
Trade and the American dream: a social history of postwar trade policy By Susan A. Aaronson re citizens committee HISS LIST
This approach differs from that of Mark S. Mizruchi, The American Corporate Network, 1904-1974
(Sage, 1982). Mizruchi defines sectors categorially
(industrials, transports, insurances, investment banks, and
banks--p. 113); I derive them immanently from input-output flows qua realization process.
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Sector
of Realization
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Commodities
and Functions/Services
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| I.
Commodities in
International Trade |
Tobacco
Cotton
Sugar See Rosen
for 1932 list
Wheat
Copper
Oil |
| II.
Securities Bloc |
Securities
& Finance
Legal Services
Infrastructure
Primary Materials
Captive Capital Goods |
IIIa.
Mass Consumption
and Mass Housing |
⎨The
Taylor Society elite⎬ |
IIIb.
Captive Production
Inputs |
⎨The
Taylor Society manufacturing base⎬ |
Modern
Machinery
IV.
Continuous Process
Multinational |
⎨Twentieth
Century Fund, CED⎬ |
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2. The Securities Bloc, 1914 -- 1939: The Morgan-First
National Sector
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SOURCE:
National
Resources Committee, The
Structure of the American Economy, Part I (1939), pp.
309-312
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Banks
Bankers
Trust Co. of New York
Bankers Trust Co.
New York Trust Co.
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Utilities
Consolidated
Edison of N.Y.
National Power & L:ight
United Gas Improvement
Electric Power & Light
American Poer & Light
American Gas & Electric
Niagra Hudson Power
Columbia Gas & Electric
Commonwealth & Southern
Pubic Service Corporaton of New York
American Telephone & Telegraph
International Telphone & Telegraph
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Railroads
New
York Central
Atkinson, Topeka & Sante Fe
Great Northern
Delaware, Lakawanna & Western
Western Pacific
Missouri Pacific
Denver & Rio Grande
Chicago & Eastern Illinois
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Primary Materials
United
States Steel
Kennecott Copper
Phelphs Dodge
Philadelphia & Reading Coal &
Iron
St. Regis Paper
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Captive Suppliers of Capital
Goods
The Pullman Company
General Electric
American Radiator
Baldwin Locomotive
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3.
Eastern Rate Case: Shippers Association, 1910: Chicago subset
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SOURCE:
Evidence Taken by the Interstate Commerece Comission in the Matter of
Proposed Advances in Freight Rates by Carriers, August to December
1910,
Senate Doc. 725, 61 Cong., 3 Sess., Vol. 1 pp. 6-15 |
Mass Consumer-Oriented
Firms
Retail
Sears,
Roebuck
Marshall
Field & Co.
Mandel
Brothers
B.
Kuppenheimer
Montgomery
Ward
Siegel,
Cooper & Co.
G.W.
Shelton & Co.
Clothing
Hart,
Shafner, & Marx
Rosenwald
& Weil, Inc.
The Hub
(Henry C. Lytton & Sons)
Charles A.
Stevens & Brothers
Percival B.
Palmer & Co.
Warren
Featherbone
Millinery,
Gloves, Hats, Hosiery
Bush Hat Co.
Chicagao
Mercantile Co.
Joseph
N. Eisendrath Co.
Parrotte,
Beals & Co.
C.D. Osborn
Co.
Shoes
Wilder & Co.
Guthman,
Carpenter, & Telling Co.
Smith-Wallace
Shoe Co.
The Rice
and Hutchins Chicago Co.
Selz,
Schwap & Co.
R.P. Smith
& Sons & Co.
Food
& Related
Southern Cotton Oil Co. (Wesson
Oil)
Booth
Fisheries
National
Biscuit Co.
Nordyke and Marmon Co.
(flour and cerial
milling machinery)
Beech-Nut
Packing
Sprague,
Warner & Co.
(flavoring extracts,
preserves, beverages)
Steel-Wedeles
Co.
(importing, jobbing &
mfg. of grocieries and
kindred)
W.M. Hoyt
Co.
Frankln
MacVeagh & Co.
Oerlich
& Laux, Inc.
Charles B.
Ford & Co.
(butter, eggs,
poultry--brokers and
wholesalers)
W.T.
Rawleigh Co.
(veterinary and pultry
preparations)
E.B. Millar
& Co. (tea,
coffie--importing and
mfg)
Libby,
McNeil, & Libby
Decatur
Brewing Co.
Thomson
& Taylor Co.
(coffee, spices--mfg
for jobbers)
Reid,
Murdoch & Co.
(coffee, pickles,
peanut butter)
Rueckheim
Bros. &
Eckstein (candy,
crackerjacks)
United
Cerial Mills
(Washington Crisps,
Egg-O-See, Toasted
Corn Flakes)
Soap & Related
James S. Kirk
Frigid
Fluid Co.
The
Fairbanks, N.K. Co.
Darling
& Co.
Globe
Rending
Pacific
Coast Borax Co.
Fitzpatrick
Bros. Soap
Packaging & Paper
Humel & Downing Co.
Sanfod Mfg. Co.
The Paper Mills' Co.
J.W. Butler Paper Co.
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Mass
Housing Supply Industries
U.S.
Cast Iron Pipe & Foundry James
B. Clough
Kewanee
Boiler
Crane
Co.
H.
Mueller & Co.
Illinois
Malleable Iron Co.
Joseph
T. Ryerson & Son
Devoe
& Reynolds
Adams
& Elting Co.
George
S. Mepham & Co.
Hibbard,
Spencer, Bartlett & Co.
American
Lumberman
Lumber
World Review
Morgan
Sash & Door
Chicago
House Wrecking Co.
John
V. Farwell Co. (wholesale furniture, carpets, etc)
Union
Furniture
Balkwill
& Patch Furniture Co. Inc.
W.W.
Kimball Co. (pianos, etc.)
Lyon
& Healy, Inc. (pianos, etc.)
Tonk
Manufacturing (piano benches)
Foley
& Williams (sewing machines, supplies, pianos)
The
Brunswick Balke Collendar Co.
Chicago
Portrait Co.
Pitkin
& Brook, Importers, Mfg and Distributors (china, glass,
lamps)
M. Paulman
& Co.
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Diversified
Capital Goods, Esp. Agricultural Implements
International
Harvster
Deere
& Co.
Emerson-Brantigam
Co.
R.
Herschel Manufacturing Co.
Rock
Isoand Plow Co.
Star
Mfg. Co.
Link-Belt
Co.
Smith
Mfg. Co.
Williams,
White & Co.
Whiting
Foundry Equipment Co.
Whitman
& Barnes Co. (twist drils & reamers)
The
Delaval Seperator Co.
Griffin
Wheel Co.
Galena
Sigal Oil Co.
Other
General
Chemical Co.
Lehigh
Valey Railroad
Peabody
Coal
Inland
Steel Co. |
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4. Business Advisory Council, 1933
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SOURCE:
G.
William Domhoff, The
Higher Circles: The Governing Class in America (Random
house, 1971), pp. 213-215
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| Corporatists |
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International
Harvester
Gneal Motors
E.I. DuPont de Nemours
A |
| Internationalists |
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| Mass
Consumption |
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| High
Tech &Continuous Process Multinationals |
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| Other |
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5. "Business Advisors Uphold President", May 3, 1935
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| "Business
Advisors Uphold President", New York Times, May 3,
1935 |
| Corporatists |
Henry
I.
Harriman
E.T. Stannard
F.B. Davis
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U.S.
Chamber of Commerce
Kennecott Copper Co.
United States Rubber Company |
| Internationalists |
Winthrop
Aldrich
W.A. Harriman
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Chase
National Bank
Brown Brothers, Harriman |
| Mass
Consumption |
Sidneh
Weinberg
Lincoln Filene
Lew Hahn
George H. Mead
H.P. Kendall
Charles A. Cannon
Delancy Kountze
Morris Leeds
A.P. Greenfelder
H.H. Heinman
William Julian
Gano Dunn
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Goldman
Sachs
William Filene's Sons
Natonal Retail Dry Goods
Mead Corporaton
H. P. Kendall Company
Cannon Towels
Devoe and Reynolds Company
Leeds and Northrup Company
Contractor
credit association
Queen City Trust Company
Grace National Bank |
| Continuous
Process Multinationals |
R.R.
Dupree
Robert Lund
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Proctor
& Gamble
Lambert Pharmacal Company |
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6.
Corporatists, 1939: Ezekiel List
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SOURCE:
U.S.
Department of
Agriculture, Record Group No. 16, "Business Conditions" Folder,
"Memorandum for the Secretary," Mordecai Ezekiel to Henry Wallace,
April 11, 1939
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| Corporatists |
S.
Sloan Colt
James E. Fogarty
James Forrestal
Pierre Jay
Lindsay Bradford
Edward Stettinius
Gerad Swope
Arthur Page
William Batt
Edward R. Ryerson
George H. Houston
Wendell Willkie
Fred Williamson
Donaldson Brown
David Godrich |
Bankers
Trust
North American Company
Dillon Reed & Company
Fiduciary Trust
City Bank Farmers Trust
United States Steel
General Elctric
American Telephone & Telegraph
S.K.F. Corporation
Inland Stel
Baldwin Locomotive
Commonwealth and Southern
New York Central Railroad
General Motors
Goodrich Tire |
Mass
Consumption |
General
R.E. Wood
Donald Nelson
Sewell Avery
Lewis R. Brown |
Sears,
Roebuck & Company
Sears, Roebuck & Company
Montgomer Ward
Johns Manville Corporaton |
Continuous
Process
Multinationals |
Clarence
Francis
Gerald Lambert
Gerald Lambert
E.E. Puryear |
General
Foods
Lambert Pharmacal Company
Gillette Razor Company
Texas Company |
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7. Keynesian Elite in the Second New Deal
State, 1927
– 1937
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Taylor Society I: Keynesian
Elite in the New Deal State
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Taylor Society II: Member
Firms, 1927
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The Taylor Society III:
Non-Manufacturing Organizations, 1927
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