American Decades
Wilson, Charles E. 1890-1961
PRESIDENT OF GENERAL MOTORS, SECRETARY OF DEFENSE (1954-1957)
Controversy and Power.
Charles Erwin Wilson, best known for a quotation he never uttered—" What's good for General Motors is good for the country"—played a key role in the development of General Motor's Corporation (GM) and as secretary of defense during the Dwight D. Eisenhower administration. As the head of GM, Wilson had led the world's largest corporation; President Eisenhower wanted him to oversee the rapidly growing military and the developing "military-industrial complex." Wilson's association with the enormous automaker, however, made his cabinet appointment Eisenhower's most controversial.
Early Career.
Trained as an electrical engineer, Wilson climbed steadily up GM's long corporate ladder, becoming chief executive of the conglomerate in 1946. As head of GM, Wilson successfully negotiated labor agreements with the United Auto Workers...
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1950's Business and the Economy
- Overview
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Topics in the News
- Advertising in the 1950s
- The AFL-CIO
- Air Travel in the 1950s
- Alcoa, Aluminum, and the End of a Monopoly
- Bank of America Leads a Financial Expansion
- Big vs. Small Businesses
- Creating the Computer
- Credit, Inflation, and Price Controls
- Energy
- Farming in the 1950s
- Housing in the 1950s
- Labor in the 1950s
- The Merger Wave
- The Military-Industrial Complex
- The National Highway Act and the Auto Industry
- The Railroad and its Decline
- Shopping Malls
- The Stock Market and Investment Trends
- The Sun Belt
- The Television Industry
- The Turbulent Teamsters
- Headline Makers
- People in the News
- Deaths
- Publications
- Important Events in Business and the Economy, 1950–1959
