The business of America.
Transcription of Annotations
Notes from front endpapers and half title page: "p. 18: Great wealth too easily acquired can be a very mixed blessing indeed". - Wampum: the corners of Wall and Broad. - Why do free markets work? - example: cod, Boston Common. - Leftist historians, p. 161. - Twin Towers, p. 91. - The Gold Standard, the ICC, p. 179. - Business of War: The history of American conflicts - who makes money? (p. 144). - Are business types honest / dishonest? - Jay Cooke invented War Bonds, p. 155. - Death of monopoly, p. 234. - ATT vs. MCI. - Steamboats - any relationship to air travel? (p. 80). - Vanderbilt: the public be damned, p. 96. - Interstate Highway System. - Bank of Italy became Bank of America. - The Cadillac. - Who invented the auto? - Geo. Selden, p. 101. - The sewing machine: Isaac Singer, p. 52." -- Notes from back flyleaf; "Sylvester Graham, p. 40. - Isaac Singer, p. 52. - Pete Cooper, p. 257. - Engine Charlie Wilson, p. 183. - 19th century: My great-great-great-grandfather exchanged 35 acres for horse and saddle - now downtown Nashville." -- Annotations by Brian Lamb in the margins and underlining of pertinent phrases throughout the book. - Examples: p. 19: "Only 500,000 pounds of cotton were spun into thread - all by hand - in 1765. Twenty years later 16 million pounds were spun, by machine, and the price of cotton cloth had dropped from the caviar range to the mere smoked salmon bracket." - p. 21: "But cotton made slavery hugely profitable, and the price of a prime field hand rose twentyfold between 1800 and the Civil War." -- p. 53: "The development of the sewing machine was thus one of the triumphs of the early industrial revolution, as important in its way as the railroad as an engine of wealth creation." - p. 60: "The good thing about a gold standard is that it makes inflation impossible, for if a country begins to create too much money, gold will begin to flow out of its treasury." - p. 79: "Webster argued that the federal government's right to regulate interstate commerce was total and exclusive and that therefore the monopoly was null and void, as were all other such laws." - p. 133; "In 1967 the top 200 nonfinancial companies held 41% of the country's business assets, such as buildings, machinery, and land. By 1988 they held only 32%, and that number has continued to drop in the years since." - p. 223: "Government turned down Morse's offer to sell them rights for $100,000." - p. 234: "But without competition to keep noses firmly applied to grindstones, all monopolies, whether owned by "the people" or owned by shareholders, tend to become fat, lazy, and uninnovative."