The United Mine Workers of America has been instrumental in changing the way in which companies and workers regard each other and in improving labor relations between the groups.
The nation’s worst commercial nuclear accident, the core meltdown at Three Mile Island led first to a complete halt in the construction of nuclear power plants...
Through electric power production, agricultural advances, river improvements, land management, and social and recreational programs, the TVA has revitalized much of the Tennessee Valley.
The Teapot Dome scandal was a defining moment in American history that helped fuel the public’s general distrust of government and fears of corporate-governmental collusion.
The United States petroleum industry became a major factor in the country’s emergence as the world’s dominant economy and a global superpower during the twentieth century...
OPEC’s founding challenged the power of the “Seven Sisters,” the seven giant international petroleum companies—five of which were incorporated in the United States—that at the time dominated the production, shipping, and refining of oil outside the United States and Russia.
Getty amassed a personal fortune exceeding $3 billion, making him one of the first billionaires in the United States and one of the richest men in the United States from the 1950’s to his death.
The first conglomerate in history, the General Electric Company has led the way in the development of breakthrough technologies and services that have had an impact on nearly every facet of contemporary life.
“Gas wars” have occurred many times throughout American history; one of the most memorable such times was during the 1970’s, when oil prices began to rise as a result of economic and political strife.
The collapse of Enron, an energy conglomerate with reported revenues of $100 billion, is one of the largest bankruptcy and accounting fraud cases in U.S. history.
The sharp rise in prices after the Iranian Revolution, combined with the Iran-Iraq War and U.S. government actions that exacerbated the problem, produced gas lines, shortages, and dramatically higher energy prices for U.S. businesses and consumers.
An important component of American industrial development since the early nineteenth century, coal has provided energy to industry and remained a major source of electrical power into the early twenty-first century.
In the fall of 1973, the Organization of Petroleum Exporting Countries (OPEC) sought to increase the price of oil, because the dollar was losing value.
The Tennessee Valley Authority (TVA) is a federal CORPORATION providing public power services in seven southeastern states. The TVA, created by the U.S. Congress in 1933, was part of President Franklin Roosevelt’s “New Deal” legislation designed to stimulate the U.S. economy out of the GREAT DEPRESSION.
The Organization of Petroleum Exporting Countries (OPEC) is a cartel of 12 nations that seek to influence oil prices through control of the supply of oil to world markets.