1. History
... in 1922 saw the beginning of a great boom that peaked in 1927 and lasted until 1929. In this brief period, American industrial output nearly doubled , and the gross national product rose by 40% Most of this explosive growth took place in industries producing consumer goods-automobiles, appliances, furniture, ... rewards of this second Industrial Revolution went to the managers-the engineers, bankers, and executives-who directed the new industrial economy. Corporate profits nearly doubled in 10 years, and income from dividends rose 65%, nearly 6 times the rate of increase in workers' wag...
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