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Trust and Power

Trust and Power

Hardcover

Business General20th Century United States History

ISBN10: 0521868785
ISBN13: 9780521868785
Publisher: Cambridge
Published: May 24 2007
Pages: 316
Weight: 1.24
Height: 0.92 Width: 6.49 Depth: 9.26
Language: English
Trust and Power argues that corporations have faced conflicts with the very consumers whose loyalty they sought. The book provides novel insights into the dialogue between modern corporations and consumers by examining automobiles during the 20th century. In the new market at the turn of the century, automakers produced defective cars, and consumers faced risks of physical injuries as well as financial losses. By the 1920s automobiles were sold in a mass market where state agencies intervened to monitor, however imperfectly, product quality and fair pricing mechanisms. After 1945, the market matured as most U.S. families came to rely on auto transport. Automakers sold a product suited to the unequal distribution of income. Again, the state intervened to regulate relations between buyers and sellers in terms of who had access to credit, and thus the ability to purchase expensive durables like automobiles.

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Business General