This book explains the transition from the free-market laissez faire capitalism of the 19th century to the socially liberal, corporate-dominated political economy of the 20th century. It is a book about emerging class consiousness on the part of corporate leaders in the face of political and other agitation by working peopl, the labor movement, and, especially, the Socialist Party of the years from 1900-1918. A well-written book that is accesible to the general reader and that has been a mainstay of graduate and undergraduate university teaching.
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