Money and Morals: A Time Line
May / June 2006
Alyssa Ford Utne magazine
Capitalism has been used to justify callousness, exploitation,
even slavery. But among the greed weeds grow flowers of generosity
and altruism, proof that capitalism is a human institution that can
occasionally respond to our better natures.
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Between A.D. 25 and 32 -- Jesus throws the money changers out of
the temple.
1736 -- Philadelphia newspaper publisher Benjamin Franklin
organizes the first North American volunteer fire brigade.
July 4, 1851 -- The city of Baltimore celebrates the 75th
anniversary of the Declaration of Independence by releasing all
debtors from jail and firing guns in their honor.
1881 -- Steel magnate Andrew Carnegie begins construction on a
library in his hometown of Dunfermline, Scotland -- the first of
some 2,800 libraries he will fund.
1917 -- The National Industrial Conference Board, a business
organization, endorses the eight-hour workday.
1919 -- Goodyear Tire & Rubber Company starts its Industrial
Assembly, a kind of model House of Representatives designed to give
its 30,000 employees more say in company affairs.
1946 -- John D. Rockefeller Jr. donates $8.5 million to the
United Nations for the site of its permanent headquarters in New
York City.
1953 -- In his book Social Responsibilities of the Businessman,
pioneer Howard Bowen makes the case for corporate social
responsibility.
1978 -- The Interfaith Center on Corporate Responsibility
creates and coordinates the South African divestiture movement.
1981 -- Musician Tom Petty threatens to change his album title
from Hard Promises to $8.98 when MCA tries to sell it for $9.98.
Petty prevails.
1982 -- Actor Paul Newman founds Newman's Own, a for-profit food
company that donates all profits to some 1,000 charities.
1985 -- Telecom Working Assets is founded with a social agenda:
to support progressive causes.
1988 -- At the request of Mexican coffee farmers, the
Netherlands launches Max Havelaar, the first guaranteed fair trade
label.
1994 -- Rugmark Foundation, a nonprofit that works to end
slavery in the rug and carpet industry, is established by rug
companies and human rights organizations.
1997 -- Media mogul Ted Turner announces his intention to donate
$1 billion to the United Nations over 10 years.
1999 -- Mattel launches research to find organic substitutes for
plastics used in its toys.
2000 -- After widespread protests, McDonald's imposes new
guidelines for its egg suppliers, banning the withholding of food
and water from chickens and phasing out debeaking.
March 2001 -- Tobacco giant BAT donates $7 million to the
University of Nottingham to develop the International Centre for
Corporate Social Responsibility.