Management's Crisis of Confidence and the Origin of the National Industrial Conference Board, 1914–1916

In this essay, Professor Gitelman draws upon new primary source materials to help clarify the outlook of American business leaders in the years immediately preceding U.S. entry into World War I. He shows how business leaders brooded, at periodic private conferences, over the profound loss in public esteem they believed business had suffered. This “crisis of confidence,†he concludes, precipitated defensive associational efforts. The creation of conference boards—the brainchild of Magnus W. Alexander—provided an institutional base for these efforts, and pointed the way to the creation of the National Industrial Conference Board.