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• Course Overview Note | January 2011 (Revised April 2019)

  The Coming of Managerial Capitalism: Overview

  Tom Nicholas

  This is a course overview note for The Coming of Managerial Capitalism. CMC is chronologically organized. It starts in the late eighteenth century when America gained independence, spans the remarkable rise to industrial maturity during the nineteenth and twentieth centuries and ends at the crossroads at which the United States currently stands. There are four modules: 1) THE HISTORICAL FOUNDATIONS OF ENTREPRENEURSHIP 2) THE EMERGENCE OF ORGANIZATION 3) PROSPERITY, DEPRESSION AND WAR 4) TECHNOLOGICAL AND FINANCIAL REVOLUTIONS. Each covers a distinct period in business history but the themes overlap and these themes are collectively analyzed in a concluding session LESSONS FROM THE PAST. CMC is motivated by the idea that effective decision making in the current business environment crucially relies on a comprehensive appreciation of how things worked—or didn't work—in the past.

  Keywords: Business History; Business or Company Management; Entrepreneurship; Business Startups; Welfare or Wellbeing; War; Transformation; Technology; Finance; Situation or Environment; Decision Making; Management Analysis, Tools, and Techniques; United States;

  Citation:

  Nicholas, Tom. "The Coming of Managerial Capitalism: Overview." Harvard Business School Course Overview Note 811-033, January 2011. (Revised April 2019.)  View Details

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• Background Note | HBS Case Collection | September 2018 (Revised March 2019)

  The Gender Gap In U.S. History

  Tom Nicholas and Sophie Kainen

  Citation:

  Nicholas, Tom, and Sophie Kainen. "The Gender Gap In U.S. History." Harvard Business School Background Note 819-051, September 2018. (Revised March 2019.)  View Details

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• Case | HBS Case Collection | January 2019 (Revised February 2019)

  Jay Gould, 'The Most Hated Man in America'

  Tom Nicholas, John Masko and Matthew G. Preble

  Railroad magnate Jay Gould, a controversial figure in the history of U.S. capitalism, was a disruptive influence on an industry that had previously relied on formal and informal agreements to move traffic long distances across lines operated by different companies. Gould and his competitors replaced these agreements with consolidation and system-building, a process which led to the rise of government regulation of railroads in the 1880s and to widespread railroad bankruptcies in the 1890s. This case explores the growth of early American railroads, places Gould’s career in context (including his famous attempt to corner the U.S. gold market), and demonstrates the implications of his activities on competitive dynamics in the railroad industry.

  Keywords: railroads; history; Gould; Vanderbilt; Rail Transportation; History; Consolidation; Governing Rules, Regulations, and Reforms; Competition; Strategy; Rail Industry; United States;

  Citation:

  Nicholas, Tom, John Masko, and Matthew G. Preble. "Jay Gould, 'The Most Hated Man in America'." Harvard Business School Case 819-006, January 2019. (Revised February 2019.)  View Details

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