Strand+3

//Dr. Roberta McKnight//
= Nature of Work: Business and Corporate Philosophy for Periods 1900s - 2000s = • 1908 Ford introduces the Model T. Which later became the foundation for our automobile industry and set the technological foundation for advancement in automobile technology. || • 1914 Panama Canal opens (conduit for trade) || • The system of hire-purchase was introduced (sell goods on credit). The system of hire-purchase allowed people to make deposit on items and pay installments until the debt it paid. However, interest is added to each purchase, although, one can enjoy having while paying. || • 1939 Social Security approves the 1st Unemployment check || • Scrap drives for steel, tin, and paper (these were a source of supplies and g
 * = Nature of Work = ||
 * == 1900s == || • 1903 Wright Brothers make first flight. Orville Wright was the pilot for the first powered airplane in North Carolina. The flight lasted for a duration of 12 seconds and spanned over 120 feet.
 * == 1910s == || • 1910 Supreme Court ordered break up of Standard Oil (monopoly situation). John D. Rockefeller was the owner and the government broke it up in the interest of capitalism.
 * == 1920s == || • Period of mass production and economic prosperity. The influence Ford's method of mass production helped other industries to produce a huge variety of consumer appliances.
 * == 1930s == || • 1939 1st commercial television broadcast was held on New York. An actual show was produced and people paid to see the show
 * == 1940s == || • 1944 FDR sign GI Bill of Rights (provided college and vocational education benefits for those returning from World War 2)

ave people a means of supporting the war effort) ||
 * == 1950s == || • 1955 Disney Land opens (business venture that provided recreation and brought in billions and provided jobs to thousands of workers)

[[image:disneyland.jpg width="119" height="118" caption="Courtesy of Google Images" link="@http://www.usc.edu/libraries/archives/la/disneyland/"]]
• 1958 Bank launches first [|credit card.] The first credit card was Diners Club. There were some predecessor, but the credit as we know was first distributed by Diners. The credit card revolutionized the way we do business. || • Aerospace and housing becam
 * == 1960s == || • 1963 Equal Pay for Equal Work (men and women paid equally for equal work)

e the leading sectors for economic expansion || • 1975 Wall Street’s Fixed commission established (develop a level playing field, because Wall Street was the monopoly in investment) || • Fox Network starts in America and was created by Rupert Murdoch (was created as a challenge to the other three networks: ABC, CBS, and NBC) || • 1997 minimum wage was $5:15 and is now $7.25 (more people were working then) || • The era of e-commerce (online trading and transactions, but with fewer regulations than traditional trading and transactions) ||
 * == 1970s == || • 1973 Federal Express begins operations (mass mail distribution at much faster speed). The modern air/ground express industry was born.
 * == 1980s == || • Societal marketing concept (challenged business to conduct their marketing concept in a socially responsible manner)
 * == 1990s == || • Relationship marketing (building stronger and long term relationships with customers and building relationships with our own business partners)
 * == 2000s == || • China emerges at economic giant (questioning the stability of US financial affairs)

//**References**//

About.com-The New York Times Company. (2010). //Timeline and inventions of the 20th century//. Retrieved from []

Ared Networks. (2010). //Panama canal history museum.// Retrieved from []

Enotes.com. (2010). 1960s business and the economy. Retrieved from []

Federal Express. (2010). Fedex corporate history. Retrieved from []

Government of Ontario. (2008). //Social marketing for organization//. Retrieved from []

Guiltinan, J. P. & Paul, G. W. (2007). //Other business and marketing philosophies//. Retrieved from []

[] Ibis Communications. (2010). //The Wright brothers first flight, 1903//. Retrieved from //[]//

O’Shea, E. L. (2003). //Disneyland grand opening//. Retrieved from []

Online Highways. (n.d.). //The roaring twenties//. Retrieved from []

Pearson Education Inc. (2010). November 15 this day in history. Retrieved from []

Pearson Education. (2010). //Federal minimum wage rates//. Retrieved from []

ReadWriteWeb. (2010). Top //Internet trends of 2000-2009: E-commerce//. Retrieved from []

The Linux Information Project. (2010). //The standard oil monopoly//. Retrieved from []

The People History. (2010). The 1980s //history including popular culture, prices, events, technology and inventions//. Retrieved form []

The Rostella Collection. (2008). April 1939, television begins its first live public broadcast at the New York world’s fair. Retrieved from []

Trueman, C. (2010). //American in the 1920s//. Retrieved from []

USA.gov. (2010). //The equal pay act of 1963//. Retrieved from []

Whitley, P. (2008). //American cultural history//. Retrieved from []

Wiley, J. (1996). //Henry Ford and the Model T//. Retrieved from []

World Socialist Website. (2010). China emerges as a major exporter of //capital//. Retrieved from []