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1958

International Economics

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Full-Text Articles in European History

3. The Economic Scene (1919-1939), Robert L. Bloom, Basil L. Crapster, Harold L. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart Jan 1958

3. The Economic Scene (1919-1939), Robert L. Bloom, Basil L. Crapster, Harold L. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section XVIII: The Western World in the Twentieth Century: The Historical Setting

Control over the processes of production was made more efficient by the application of the new techniques of scientific management, a concept which first achieved prominence in America. Uneconomic producers were closed down in what was called rationalization of production. In Britain, unprofitable coal mines were abandoned through cooperation between government and business. In some cases, plant efficiency was increased by better layout and labor-saving machines. American coal mining was revolutionized by the conveyor belt and mechanical cutting equipment. Material-saving devices were introduced, such as those which reduced the amount of coal necessary to generate a kilowatt of electricity. Standardization ...