Throughout the history of America, the government has always been involved in the regulation of businesses and their practices. All industries throughout the country ranging from technological to industrial firms have had to change their operations in order to combat the laws set in place by congress. The complex interactions that firms and government engage in have been key to the growth of the capitalistic system that has helped the United States become successful as one of the worlds industrial powers. The regulations helped ensure that there was an economic market that allowed for free entry and exit within whichever sector one so choose. One sector that has always been in the news and regulatory eyes of the government has been the airline
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Since the beginning of man, the human race has always been fascinated with the idea of flight. Ancient civilizations marveled at the creatures that were able to obtain this ability and viewed them as supernatural or godlike creatures due to the fact that they could go where no human could go at the time. As nature evolved, so did the minds and technological advances of the human race. It all began with the Wright brother’s invention in the first decade of the 20th century. Their monumental invention of the first heavier than air flying machine, became the turning point in American history that kick started the aeronautical revolution. It created a new industry that to this day has become vital to the everyday function of the United States as the use of flight is seen within a large number of sectors around the world including military, shipping, and …show more content…
The most notable beginning to this company began in 1926 when the young Charles Lindbergh became the chief pilot of the Robertson Aircraft Corporation of Missouri. Within the next decade, Robertson Aircraft Corporation would later become one of the key companies that would consolidate to become American Airlines. The corporation at that time was only the second company that held a United States airmail contract, and carried mail all over the US. The initial formation and consolidation of American Airlines began in 1929 with the merging of a variety of small air companies to form The Aviation Corporation. Within the next five years, the company grew larger and larger to eventually become the now known American Airlines, Inc. in the year 1934. The formation of the new American Airlines continued to expand the company’s growth and on June 10th of 1939, the firm began trading its stock on the New York Stock exchange. As with any company, the growth allowed and pushed them to explore new opportunities for revenue. When the late 1930’s came about, American Airlines pushed themselves to become one of America’s top airline firms that provided commercial air travel. By 1937, American Airlines had serviced one million passengers and was declared the largest grossing firm per domestic passenger miles (History of AMR Corporation and American Airlines).
Since the beginning of man, the human race has always been fascinated with the idea of flight. Ancient civilizations marveled at the creatures that were able to obtain this ability and viewed them as supernatural or godlike creatures due to the fact that they could go where no human could go at the time. As nature evolved, so did the minds and technological advances of the human race. It all began with the Wright brother’s invention in the first decade of the 20th century. Their monumental invention of the first heavier than air flying machine, became the turning point in American history that kick started the aeronautical revolution. It created a new industry that to this day has become vital to the everyday function of the United States as the use of flight is seen within a large number of sectors around the world including military, shipping, and …show more content…
The most notable beginning to this company began in 1926 when the young Charles Lindbergh became the chief pilot of the Robertson Aircraft Corporation of Missouri. Within the next decade, Robertson Aircraft Corporation would later become one of the key companies that would consolidate to become American Airlines. The corporation at that time was only the second company that held a United States airmail contract, and carried mail all over the US. The initial formation and consolidation of American Airlines began in 1929 with the merging of a variety of small air companies to form The Aviation Corporation. Within the next five years, the company grew larger and larger to eventually become the now known American Airlines, Inc. in the year 1934. The formation of the new American Airlines continued to expand the company’s growth and on June 10th of 1939, the firm began trading its stock on the New York Stock exchange. As with any company, the growth allowed and pushed them to explore new opportunities for revenue. When the late 1930’s came about, American Airlines pushed themselves to become one of America’s top airline firms that provided commercial air travel. By 1937, American Airlines had serviced one million passengers and was declared the largest grossing firm per domestic passenger miles (History of AMR Corporation and American Airlines).