Business and Government in Twentieth Century America
Focusing on the oil industry over a seventy-five year period, Nash provides a study of government–private industry relations, that sheds light on how America’s industries are regulated by the laws of supply, demand, and defense considerations.
Gerald D. Nash was chair of the history department at the University of New Mexico, and the author or editor of numerous books, including World War II and the West: Reshaping the Economy, and The Great Depression and World War II: Organizing America, 1933-1945.
Gerald D. Nash offers a balanced survey on American oil policies over a seventy-five year span, and places in historical perspective the controversies of government- business relations that have resulted from oil depletion and surplus allowances. Focusing on a single industry, Nash provides a valuable study on the government's role in private economic activity. He concludes that Americans have given the government great power in regulating the nation's industries, and in particular, as they relate to defense considerations, and the laws of supply and demand within American borders, and internationally.