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Adolf Berle and the Modern Corporation

In: The New Power Brokers

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  • Sahand Moarefy

Abstract

The industrializationBerle, Adolf and corporatization of the American economy produced immense wealth and transformed the United States into a global economic powerhouse. Just during the last two decades of the nineteenth century, the volume of industrial production, the number of workers employed in industry, and the number of manufacturing plants all more than doubled. By 1899, the aggregate annual value of all manufactured goods in the United States stood at approximately $13 billion, compared to $5.4 billion in 1879. Over the same period, the annual production of steel in the United States increased almost nine-fold, from 1.4 million to more than 11 million tons.

Suggested Citation

  • Sahand Moarefy, 2024. "Adolf Berle and the Modern Corporation," Springer Books, in: The New Power Brokers, chapter 0, pages 23-37, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-64733-8_3
    DOI: 10.1007/978-3-031-64733-8_3
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