This article discusses the interaction between directors and small shareholders who made up the majority of names on the share ledgers of many companies in both the UK and the USA. It is concerned with the period 1890–1965 and concentrates on the management/shareholder relationship in the context of the annual general meeting and shareholder activism. I argue that there were significant differences between shareholder activism in the UK and the USA, due to the difference in relative numbers of the shareholders themselves, to legal and geographic differences, to corporate culture, and to the earlier diffusion of shareholding in the UK compared to the USA. UK shareholders concentrated their interventions on management issues, as well as some social and labor matters. US shareholders, mostly through so-called ‘corporate gadflies’, concentrated their efforts on corporate governance issues, some of which were already enshrined in UK company law and practice.

“Selling Paris” explores the cultural, economic, and spatial parameters of private construction in the French capital at the turn of the twentieth century. In contrast to the state-centered accounts that currently characterize our understanding of Paris as a capital of modernity, this project looks to private property owners, real estate brokers, and speculative developers, as well as the moral economy in which their projects took place, in order to understand the elaboration of the built landscape of the modern metropolis. I argue that new classes of market intermediaries—namely estate agents, market-oriented architects, and small-scale joint-stock firms—emerged in this period to build and market residential spaces, establishing apartments and buildings as merchandise and tenants as clients. Focusing on the activities of these commercial actors reveals the existence of a French culture of commerce centered on speculation and risk-taking, a business culture that profoundly affected the production of residential space during of one of the city's greatest periods of expansion. Thus, in contradistinction to scholarly accounts of both French entrepreneurialism and Parisian urban development, this project reconstructs the activities of a dynamic capitalist class whose uncoordinated projects were the main authors of the capital city's urban fabric. Tracing the manner in which housing and property operated as a commercial object during a crucial period of urbanization, moving between and among the economic activities of investment, speculation, production, and consumption, this project seeks to present a research agenda for both the cultural history of markets and the economic history of cities.

In this paper I discuss a dramatic financial collapse and scandal in Denmark in the interwar period. I analyze the asset price bubble from 1914 to 1920 and the subsequent failure in 1922 of Scandinavia's largest bank, the Danish Landmandsbanken, as well as the downfall of its CEO Emil Glückstadt. I discuss the sense-making process, first during the bubble and then following Landmandsbanken's collapse and Glückstadt's fall from power in 1922, and finally until the introduction of a new bank act in 1930. I further argue that such crises and scandals force contemporaries to make sense of the dramatic fall from the top of society of these icons and of their role in the collapse of their banks. I view the sense-making process as centered on the construction of narratives that explain the crisis and enable or constrain institutional response to the crisis. To conclude, I argue that the process of sense-making in the case of Landmandsbanken can be generalized as the way in which society enforces norms and values in cases of dramatic financial crisis and scandal.

“Wishful Thinking” discusses the origins of retail premium schemes in America. An entirely new marketing strategy that began appearing in the early 1850s, giving away free things with purchases helped fuel the consumer revolution of the 19th century by inducing people to buy things they did not necessarily want or need. The article focuses on the three most prevalent forms of premiums – gift distributions, prize packages, and gift book establishments – and draws on scholarship from various fields, including advertising and marketing history and economic anthropology. In addition to describing various premium schemes and linking them to nascent consumerism, the article posits why they might have been so successful, despite the fact that many were clearly fraudulent.

In Depression-era South Georgia, truck farmers experimenting with onion planting found that their crop emerged unusually sweet, due to the region's climate and particular soil content. But what gave Vidalia onions a unique flavor—their low sulfur and high water content—also rendered them nearly impossible to market, as the vegetable spoiled much quicker than regular onions. In their seventy-year quest to overcome the onion's natural limitations, Georgia growers would transform their formerly insular region into a hub of global supermarket capitalism. As onion acreage skyrocketed with the advent of controlled atmosphere storage, growers recruited thousands of Latin American workers. Then, when storage techniques proved imperfect, industry leaders contracted with growers across Central and South America to produce sweet onions for sale during Georgia's off-season. In striking contrast to the Vidalia onion's branding as a “down-home” southern crop, the vegetable's history reveals the contradictions in our modern food system.

Sociologist of science Sheila Jasanoff tells us that “A master narrative is a compelling and frequently repeated story about the way the world works that takes hold of our imaginations and shapes the ways in which we perceive reality, as well as our possibilities for collective action.” The asbestos litigation master narrative, versions of which are available on hundreds of plaintiff-firm websites, has been spectacularly successful in generating billions of dollars in revenue for plaintiffs, attorneys, and expert witnesses since 1973.2 As of December 31, 2009, the US District Court E.D. Pa. MDL 875 (Multi-District asbestos Litigation) docket included 42,076 cases “consisting of 2,337,692 individual claims (all diseases).”