1960s: Commerce

1960s: Commerce

Until the 1990s, the 1960s marked the longest uninterrupted period of American economic expansion. The American economy was the largest in the world. Its giant corporations, such as General Motors, IBM, Procter & Gamble, and Coca-Cola extended their influence and dominance to every corner of the globe. American companies grew ever larger during the decade. In 1962, the five largest industrial companies accounted for 12 percent of American manufacturing assets. The largest five hundred companies controlled 66 percent of such assets. Big business dominated the American economic landscape.

Individual Americans did very well during the decade, too. By the end.....

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