This paper describes selected accounting records of the Tudor Ice Company which were devised to manage and control the far-flung business activities of Frederic Tudor, a 19th century entrepreneur who has been called America's first monopolist. Tudor's business genius lay in developing methods of harvesting, transporting, storing, and marketing commercial quantities of ice taken from New England ponds and shipped to tropical ports around the world. Frederic Tudor employed relatively sophisticated accounting techniques to analyze and control transportation costs and the costs of product shrinkage. He also routinely analyzed and translated foreign currency transactions for his geographically dispersed operations and evaluated the impact of competition on his operations.
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Spring 1984
Research Article|
March 01 1984
PLANNING AND CONTROL IN THE 19th CENTURY ICE TRADE
Clairmont P. Carter;
Clairmont P. Carter
UNIVERSITY OF LOWELL
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Brackston Hinchey
Brackston Hinchey
UNIVERSITY OF LOWELL
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Online ISSN: 2327-4468
Print ISSN: 0148-4184
© 1984 American Accounting Association
1984
Accounting Historians Journal (1984) 11 (1): 19–30.
Citation
Linda H. Kistler, Clairmont P. Carter, Brackston Hinchey; PLANNING AND CONTROL IN THE 19th CENTURY ICE TRADE. Accounting Historians Journal 1 March 1984; 11 (1): 19–30. https://doi.org/10.2308/0148-4184.11.1.19
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