The Future: six drivers of global change Part 51

Joel Bakan, The Corporation (New York: Free Press, 2004), p. 6.

56 South Sea Company scandal

Ibid., p. 7.

57 England banned corporations in 1720

Ibid., p. 6.

58 The prohibition was not lifted until 1825

Ibid., p. 9.

59 civic and charitable purposes, for limited periods of time

Justin Fox, "What the Founding Fathers Really Thought About Corporations," Harvard Business Review, April 1, 2010, http://blogs.hbr.org/fox/2010/04/what-the-founding-fathers-real.html.

60 "bid defiance to the laws of our country"

Thomas Jefferson, "To George Logan," November 12, 1816.

61 expanded by an order of magnitude, from 33 to 328

Bakan, The Corporation, p. 9.

62 New York State enacted the first of many statutes

Linda Smiddy and Lawrence Cunningham, "Corporations and Other Business Organizations: Cases, Materials, Problems," LexisNexis, 2010, p. 16.

63 increased considerably with the mobilization of Northern industry

David C. Korten, When Corporations Rule the World (Bloomfield, CT: k.u.marian Press, 1995), http://www.thirdworldtraveler.com/Korten/RiseCorpPower_WCRW.html.

64 huge government procurement contracts

Ibid.

65 building of the railroads

Ibid.

66 corporate role in American life grew quickly

Ibid.

67 decisions in Congress and state legislatures grew as well

Ibid.

68 The tainted election of 1876

"Compromise of 1877," History.com, http://www.history.com/topics/compromise-of-1877.

69 wealth and power played the decisive role

Korten, When Corporations Rule the World.

70 "government of corporations, by corporations, and for corporations"

Ibid.

71 Between 1888 and 1908, 700,000 American workers

Ibid.