Summary of Marc Levinson's The Great A&P And The Struggle For Small Business In America
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Please note: This is a companion version & not the original book.
Book Preview:#1 In September 1946, federal judge Walter C. Lindley ruled that George L. Hartford, the patriarch of the wealthy Hartford family, and other AP executives had conspired to break the Sherman Antitrust Act.
#2 The Great Atlantic Pacific Tea Company was the largest retailer in the world, and its influence stretched from coast to coast.
#3 The Hartfords were an unlikely pair. George L. Hartford was the company’s cautious leader, while John A. Hartford was its aggressive leader. They were a formidable team.
#4 The Great Atlantic Pacific Company was the center of both men’s lives. Neither ever worked anywhere else, and they treated the company as their family.
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Summary of Marc Levinson's The Great A&P And The Struggle For Small Business In America - IRB Media
Insights on Marc Levinson's The Great A&P And The Struggle For Small Business in America
Contents
Insights from Chapter 1
Insights from Chapter 2
Insights from Chapter 3
Insights from Chapter 4
Insights from Chapter 5
Insights from Chapter 6
Insights from Chapter 7
Insights from Chapter 8
Insights from Chapter 9
Insights from Chapter 10
Insights from Chapter 11
Insights from Chapter 12
Insights from Chapter 13
Insights from Chapter 14
Insights from Chapter 15
Insights from Chapter 16
Insights from Chapter 17
Insights from Chapter 18
Insights from Chapter 19
Insights from Chapter 20
Insights from Chapter 21
Insights from Chapter 22
Insights from Chapter 23
Insights from Chapter 1
#1
In September 1946, federal judge Walter C. Lindley ruled that George L. Hartford, the patriarch of the wealthy Hartford family, and other AP executives had conspired to break the Sherman Antitrust Act.
#2
The Great Atlantic Pacific Tea Company was the largest retailer in the world, and its influence stretched from coast to coast.
#3
The Hartfords were an unlikely pair. George L. Hartford was the company’s cautious leader, while John A. Hartford was its aggressive leader. They were a formidable team.
#4
The Great Atlantic Pacific Company was the center of both men’s lives. Neither ever worked anywhere else, and they treated the company as their family.
#5
George and John Hartford, who ran the grocery store, were able to make a decent living because of the economic importance of grocery stores in 1920s America.
#6
The Great AP, which was controlled by the Hartfords, played a large role in destroying this world. The company’s strategy was to keep costs down and prices low, which attracted more shoppers and generated more profit than if the company had kept prices high.
#7
When creative destruction leads to job losses, it is typically the case that the world pays little attention. This is because, in the retail trade, economic change simply means the shuttering of a store and the movement of its employees to another store down the street.
#8
The Great AP Company, which was founded in the first half of the twentieth century, helped bring about creative destruction by increasing efficiency in the grocery industry. They did so by fighting unions, demanding lower prices from suppliers, and cutting out middlemen.
#9
The AP stores were a victim of the creative destruction they had once caused. The company that had decimated independent stores by the thousands became a victim of the creative forces it had unleashed.
Insights from Chapter 2
#1
The Hartfords, who were born in 1826, could trace their ancestry back to the Mayflower. George Francis Gilman, a man destined to become one of the most bizarre characters in American business