ABSTRACT
After World War II, International Telephone and Telegraph (ITT) found itself caught on the horns of an organizational dilemma. As an American based operator of foreign communication systems, many of its telephone companies had been expropriated during the war. By 1970, most of America's major corporations had become conglomerates, with the largest two hundred now operating in 2,200 separate industrial categories. health care: Like social regulations, America's welfare state also grew during the 1960s, especially after President Lyndon Johnson declared war on poverty in his State of the Union address in 1964. Progress was also made in terms of workplace safety. For the first generation after World War II, workmen's compensation laws remained America's dominant approach to the problem of hazardous working conditions. Having achieved a level of acceptance after the war, the large corporation entered the 1960s presumably secure in its dominant place in America's political economy.
