Recent events—the Citizens United Supreme Court decision, the Occupy Wall Street movement, and efforts to increase the minimum wage, among others—have driven a tremendous surge of interest in the political power of business. Capital Gains collects some of the most innovative new work in the field. The chapters explore the influence of business on American politics in the twentieth century at the federal, state, and municipal levels. From corporate spending on city governments in the 1920s to business support for public universities in the postwar period, and from business opposition to the Vietnam War to the corporate embrace of civil rights, the contributors reveal an often surprising portrait of the nation's economic elite. Contrary to popular mythology, business leaders have not always been libertarian or rigidly devoted to market fundamentalism. Before, during, and after the New Deal, important parts of the business world sought instead to try to shape what the state could accomplish and to make sure that government grew in ways that were favorable to them. Appealing to historians working in the fields of business history, political history, and the history of capitalism, these essays highlight the causes, character, and consequences of business activism and underscore the centrality of business to any full understanding of the politics of the twentieth century—and today. Contributors: Daniel Amsterdam, Brent Cebul, Jennifer Delton, Tami Friedman, Eric Hintz, Richard R. John, Pamela Walker Laird, Kim Phillips-Fein, Laura Phillips Sawyer, Elizabeth Tandy Shermer, Eric Smith, Jason Scott Smith, Mark R. Wilson.

Recent events-the Citizens United Supreme Court decision, the Occupy Wall Street movement, and efforts to increase the minimum wage, among others-have driven a tremendous surge of interest in the political power of business. Capital Gains collects some of the most innovative new work in the field. The chapters explore the influence of business on American politics in the twentieth century at the federal, state, and municipal levels. From corporate spending on city governments in the 1920s to business support for public universities in the postwar period, and from business opposition to the Vietnam War to the corporate embrace of civil rights, the contributors reveal an often surprising portrait of the nation's economic elite. Contrary to popular mythology, business leaders have not always been libertarian or rigidly devoted to market fundamentalism. Before, during, and after the New Deal, important parts of the business world sought instead to try to shape what the state could accomplish and to make sure that government grew in ways that were favorable to them. Appealing to historians working in the fields of business history, political history, and the history of capitalism, these essays highlight the causes, character, and consequences of business activism and underscore the centrality of business to any full understanding of the politics of the twentieth century-and today. Contributors: Daniel Amsterdam, Brent Cebul, Jennifer Delton, Tami Friedman, Eric Hintz, Richard R. John, Pamela Walker Laird, Kim Phillips-Fein, Laura Phillips Sawyer, Elizabeth Tandy Shermer, Eric Smith, Jason Scott Smith, Mark R. Wilson.

This volume showcases the most exciting new voices in the fields of business and political history. While the media frequently warns of the newfound power of business in the world of politics, the authors in this book demonstrate that business has mobilized to shape public policy and government institutions, as well as electoral outcomes, for decades. Rather than assuming that business influence is inevitable, the chapters explore the complex evolution of this relationship in a wide range of different arenas-from attempts to create a corporate-friendly tax policy and regulations that would work in the interests of particular industries, to local boosterism as a weapon against New Deal liberalism, to the nexus between evangelical Christianity and the oil industry, to the frustrations that business people felt in struggles with public interest groups. The history that emerges show business actors organizing themselves to affect government in myriad ways, sometimes successfully but other times with outcomes far different than they hoped for. The result in an image of American politics that is more complex and contested than it is often thought to be. The essays represent a new trend in scholarship on political economy, one that seeks to break down the barriers that once separated old subfields to offer a vision of the economy as shaped by politics and political life influenced by economic relationships.

Starting in the mid-1930s, a handful of prominent American businessmen forged alliances with the aim of rescuing America--and their profit margins--from socialism and the "nanny state." Long before the "culture wars" usually associated with the rise of conservative politics, these driven individuals funded think tanks, fought labor unions, and formed organizations to market their views. These nearly unknown, larger-than-life, and sometimes eccentric personalities--such as GE's zealous, silver-tongued Lemuel Ricketts Boulware and the self-described "revolutionary" Jasper Crane of DuPont--make for a fascinating, behind-the-scenes view of American history.

The winner of a prestigious academic award for her original research on this book, Kim Phillips-Fein is already being heralded as an important new young American historian. Her meticulous research and narrative gifts reveal the dramatic story of a pragmatic, step-by-step, check-by-check campaign to promote an ideological revolution--one that ultimately helped propel conservative ideas to electoral triumph.