Confronting Decline: The Political Economy of - download pdf or read online

By David Koistinen

ISBN-10: 0813049075

ISBN-13: 9780813049076

“Koistinen places the ‘political’ again in political economic climate during this attention-grabbing account of latest England’s twentieth-century business erosion. best examine and sound judgments make this research crucial reading.”—Philip Scranton, Rutgers University–Camden


“Well-organized and obviously written, Confronting Decline appears to be like at one group to appreciate a method that has develop into actually national.”—David Stebenne, Ohio country University


“Koistinen’s very important e-book makes transparent that many commercial towns and areas started to decline as early because the 1920s.”—Alan Brinkley, Columbia University


“Sheds new mild on a posh method of firm that typically blurs, and sometimes overrides, the differences of personal and public, in addition to these of locality, nation, quarter, and kingdom. In so doing, it extends and deepens the insights of earlier students of the yankee political economy.”—Robert M. Collins, college of Missouri


The upward thrust of the us to a place of world management and gear rested firstly at the final result of the commercial Revolution. but as early because the Nineteen Twenties, very important American industries have been in decline within the locations the place they'd initially flourished.

The decline of conventional manufacturing—deindustrialization—has been probably the most major features of the restructuring of the yank economic climate. during this quantity, David Koistinen examines the death of the fabric in New England from the Twenties in the course of the Nineteen Eighties to raised comprehend the impression of commercial decline. targeting coverage responses to deindustrialization on the nation, local, and federal degrees, he deals an in-depth examine the method of commercial decline through the years and indicates how this development repeats itself through the state and the world.



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Additional info for Confronting Decline: The Political Economy of Deindustrialization in Twentieth-Century New England

Example text

Cotton manufacturing spearheaded the area’s celebrated “New South” industrialization drive. 3 gives number of spindles, the standard measure of textile capacity, in the two regions. The figures show the steady, rapid growth of Dixie spindleage after 1870. The growth of southern textiles was largely an indigenous phenomenon. Locals founded and managed almost all of the region’s mills. ”26 Textile promoters generally came from the southern business class, with personal or family backgrounds in commerce, banking, and railroads.

For many firms, especially those fabricating the coarser grades of goods, there was no salvation in any of these steps. Dixie managers implemented similar measures and also installed new labor-saving machinery to reduce costs. Meanwhile, new mill construction continued in the South. Quite a number of New England producers responded to the challenge by setting up southern plants. Most of these were large companies with significant financial capacity. Doing so as well were some smaller firms selling brand-name goods for which there was an established customer base.

In the central Massachusetts town of Ware (population 7,500), the Otis Company, a cotton manufacturer, had long dominated the local economy. In normal conditions the firm provided three-quarters of Ware’s industrial jobs. Caught in the regional downturn of textiles, Otis’s employment sank from 1,700 in 1922 to 600 in 1937, at which point the firm liquidated. According to one writer, the collapse of the town’s “basic economic foundation . . ”16 Even those who found employment in New England’s depressed mill cities faced difficult circumstances.

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Confronting Decline: The Political Economy of Deindustrialization in Twentieth-Century New England by David Koistinen

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