The publicity surrounding the uncovering of the WorldCom fraud resulted in greater auditor oversight over American corporations and greater government oversight over auditors.
World War II played a major role in the recovery of the American economy from the Great Depression, in making the United States the leading economic power in the world, stimulating consumer production, and incurring national debt.
Throughout history, both declared and undeclared wars have caused the U.S. government to work closely with the business community in mobilizing the nation’s economy to support military operations.
The United States declared war on Great Britain partly in response to British interference with American maritime commerce and partly out of a desire to gain territory to the north and west.
When the United States began sending combat forces to Vietnam in 1965, the American economy became overstimulated by the war expenses, resulting in higher wages, higher prices, and significant inflation.
With revenues in 2001 of $38 billion and 240,000 employees worldwide, Tyco was one of America’s largest conglomerates, but a 2002 corporate fraud case nearly destroyed the firm.
In the aftermath of the horrible Triangle Shirtwaist Company fire, in which 146 people—mostly women immigrants—died, major reforms in labor and fire-safety laws were passed...
The cable reduced communication time between North America and Europe, two of the most important regions in the global economy, from days to mere seconds.
The nation’s worst commercial nuclear accident, the core meltdown at Three Mile Island led first to a complete halt in the construction of nuclear power plants...
The annexation of Texas started a war with Mexico that resulted in the United States gaining a large piece of territory that extended the country to the Pacific coast.
The Teapot Dome scandal was a defining moment in American history that helped fuel the public’s general distrust of government and fears of corporate-governmental collusion.
Every sector of the American business community was affected by the stock market crash of 1929, which eliminated more than half of the value of all American assets in thirty months.
The Supreme Court ruled that the U.S. president’s seizure of the steel mills was unconstitutional, thus giving support to the most basic premises of a free-market economy devoid of government intrusion.
The North American colonies’ first regularly scheduled stagecoach line helped New Jersey residents market their products, provided a vital link on the route between New York City and Philadelphia...
Dubbed the “Splendid Little War” because of its brevity and excellent results for American interests, the Spanish-AmericanWar is often viewed as one of the key events in the American rise to international power.
The September 11, 2001, terrorist attacks on the United States immediately disrupted the work of businesses housed in the World Trade Center, as well as the airlines whose planes were used as weapons by the terrorists.
The Seneca Falls Convention started the struggle for woman suffrage and launched the women’s rights movement, which eventually resulted in dramatic changes in women’s roles in the business world.
