Originally published 05/16/2013
Robert E. Wright is the Nef Family Chair of Political Economy at Augustana College in South Dakota and the author of “Corporation Nation,” which will be published in December by the University of Pennsylvania Press.The uproar over allegations of politically motivated investigations by the Internal Revenue Service shouldn’t be surprising given Americans’ long love affair with nonprofits and their strong disdain of partisanship, especially within bureaucracies.After independence, and especially after ratification of the Constitution, Americans began forming businesses, charities and other associations at unprecedented rates. Unshackled from British law and the threat of monarchical tyranny, they sought to invest in long-term stability, and in each other, in ways that required the establishment of large and lasting organizations.To create these institutions, early Americans adapted corporate laws from Britain. At first, incorporation required both for-profit and nonprofit organizations to obtain a charter from state governments. Charters were special laws passed by state legislatures and signed by governors under the rules of state constitutions.
- Heffron, of WWII's Band of Brothers, Dies at 90
- Fully 70 percent of films from silent era are lost, according to Library of Congress report
- "Secret" Labyrinth of Tunnels under Rome Mapped
- Florida Tribe Re-Creates Daring Escape From The Trail Of Tears
- Evolution, Civil War history entwine in plant fossil with a tragic past