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The record industry in the United States was controlled until the 1950s by a half dozen major companies, which produced music directed primarily toward the white middle class. The following article uses the history of Ace Records, a small, regional, independent company, to examine the nature of the record industry in the 1950s and 1960s. The article explains the shifts in demography and technology that made possible the growth of the independents, as well as the obstacles and events that made their demise more likely. It also traces the changes that such companies, by recording and promoting rhythm and blues and early rock ‘n’ roll, introduced to the cultural mainstream.
Scholars generally have studied the emergence of American film stars in one of two ways: as an aesthetic, cultural phenomenon or as part of the larger story of corporate consolidation in the film industry. This article combines these approaches, arguing that the early film star played two overlapping roles. Within the new long feature films, stars served as focal points for continuity across complex narratives; within the new vertically integrated film corporations, they became focal points for the coordination of production, distribution, and promotion. The article concludes by suggesting that the interconnections between aesthetic practice and industrial organization bear further examination.
Although lawyers made crucial contributions to the development of business, scholars have said little about their role. As the following article explains, lawyers fought restrictions on business growth, worked to make laws uniform, and helped to establish legal rules in the areas of corporate reorganization, finance, and regulation. Pioneering a new type of organization—the large firm—they moved beyond the realm of legal doctrine and acquired the political influence, local knowledge, and community connections needed to reform the nation's decentralized legal system in ways that fit the demands of national-scale business.