Unless otherwise indicated, all U.S. economic data are from official government sources.
Chapter 1: The Death of Liberalism
For Elbert Gary and American steel competitiveness, see Kenneth Warren, Big Steel, The First Century of the United States Steel Corporation, 1901-2001 (Pittsburgh, PA: University of Pittsburgh Press, 2001), 32-50 and 249-58. The quote on lowering prices is from Mark Ruetter, Sparrows Point and the Rise and Ruin of American Industrial Might (Urbana, IL: University of Illinois Press, 2004), 395. The Galbraith quote is from John Kenneth Galbraith, The Affluent Society (Boston, MA: Houghton Mifflin, 1958), 351. The phrase “managerial capitalism” is Alfred D. Chandler’s. See his Scale and Scope, The Dynamics of Industrial ...