Woodstock Festival. During the fifties, the economic situation was in a constant state of growth. The United States were prospering and the government was clinging to the "golden years." The rise of the giant corporations had a profound effect on American life. A few hundred corporations controlled much of the nation's industrial and commercial assets and enjoyed a near monopoly in some areas. The mega corporations dominated the seats of economic and political power. They employed millions of workers, a large percentage of whom populated the suburbs that were growing across the country. The changing American economy also experienced dramatic shifts in the composition of the work force. Fewer workers went into traditional fields such as manufacturing, agriculture, and mining and more went into clerical, managerial, professional, and service fields. In 1956, for the first time in the nation's history, white collar workers outnumbered blue collar ones, "and by the end of the decade blue collar workers constituted only 45 percent of the
Woodstock Festival. During the fifties, the economic situation was in a constant state of growth. The United States were prospering and the government was clinging to the "golden years." The rise of the giant corporations had a profound effect on American life. A few hundred corporations controlled much of the nation's industrial and commercial assets and enjoyed a near monopoly in some areas. The mega corporations dominated the seats of economic and political power. They employed millions of workers, a large percentage of whom populated the suburbs that were growing across the country. The changing American economy also experienced dramatic shifts in the composition of the work force. Fewer workers went into traditional fields such as manufacturing, agriculture, and mining and more went into clerical, managerial, professional, and service fields. In 1956, for the first time in the nation's history, white collar workers outnumbered blue collar ones, "and by the end of the decade blue collar workers constituted only 45 percent of the