The History of Foreign Investment in the United States to 1914

The History of Foreign Investment in the United States to 1914

Author: Mira Wilkins

Publisher: Harvard University Press

Published: 1989

Total Pages: 1092

ISBN-13: 9780674396661

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From the colonial era to 1914, America was a debtor nation in international accounts--owing more to foreigners than foreigners owed to us. By 1914 it was the world's largest debtor nation. Mira Wilkins provides the first complete history of foreign investment in the United States during that period. The book shows why the United States was attractive to foreign investors and traces the changing role of foreign capital in the nation's development, covering both portfolio and direct investment. The immense new wave of foreign investment in the United States today, and our return to the status of a debtor nation--once again the world's largest debtor nation--makes this strong exposition far more than just historically interesting. Wilkins reviews foreign portfolio investments in government securities (federal, state, and local) and in corporate stocks and bonds, as well as foreign direct investments in land and real estate, manufacturing plants, and even such service-sector activities as accounting, insurance, banking, and mortgage lending. She finds that between 1776 and 1875, public-sector securities (principally federal and state securities) drew in the most long-term foreign investment, whereas from 1875 to 1914 the private sector was the main attraction. The construction of the American railroad system called on vast portfolio investments from abroad; there was also sizable direct investment in mining, cattle ranching, the oil industry, the chemical industry, flour production, and breweries, as well as the production of rayon, thread, and even submarines. In addition, there were foreign stakes in making automobile and electrical and nonelectrical machinery. America became the leading industrial country of the world at the very time when it was a debtor nation in world accounts.


The History of Foreign Investment in the United States, 1914-1945

The History of Foreign Investment in the United States, 1914-1945

Author: Mira WILKINS

Publisher: Harvard University Press

Published: 2009-06-30

Total Pages: 1009

ISBN-13: 0674045181

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Mira Wilkins, the foremost authority on foreign investment in the United States, continues her magisterial history in a work covering the critical years 1914-1945. Wilkins includes all long-term inward foreign investments, both portfolio (by individuals and institutions) and direct (by multinationals), across such enterprises as chemicals and pharmaceuticals, textiles, insurance, banks and mortgage providers, other service sector companies, and mining and oil industries. She traces the complex course of inward investments, presents the experiences of the investors, and examines the political and economic conditions, particularly the range of public policies, that affected foreign investments. She also offers valuable discussions on the intricate cross-investments of inward and outward involvements and the legal precedents that had long-term consequences on foreign investment. At the start of World War I, the United States was a debtor nation. By the end of World War II, it was a creditor nation with the strongest economy in the world. Integrating economic, business, technological, legal, and diplomatic history, this comprehensive study is essential to understanding the internationalization of the American economy, as well as broader global trends.


The Making of Global Enterprises

The Making of Global Enterprises

Author: Geoffrey Jones

Publisher: Routledge

Published: 2020-07-24

Total Pages: 228

ISBN-13: 1000144097

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This volume provides new insights to the history of international business. The international group of authors, drawn from the United States, Canada, Britain and Japan, address two main themes: How has global business developed over the last century? And what has been its impact on host economies? These original and wide-ranging essays, prefaced by an extensive editorial introduction, are required reading in courses on international business.


International Banking 1870-1914

International Banking 1870-1914

Author: Rondo Cameron

Publisher: Oxford University Press

Published: 1992-03-12

Total Pages: 670

ISBN-13: 0195345126

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This book, the product of a unique international scholarly collaboration sponsored jointly by the American Council of Learned Societies and the Soviet Academy of Sciences, provides a comprehensive survey on international banking from 1870 to 1914. In that period international investment reached dimensions previously unknown, and the banking systems of the world achieved a degree of internationalization without precedent. The book's authors, twenty-five scholars from fifteen countries, are the acknowledged experts in their fields. They detail the origin and development of internationally oriented banks in each major country, and explain their role in foreign investment and industrial finance. They look at all areas of the world that were involved in international investment, either as investors, recipients of investment, or both. The definitive work on international banking from 1870 to 1914, this book will interest scholars and students in financial and banking history, bankers and economists in the finanical industry, and general historians.


Scots in the North American West, 1790-1917

Scots in the North American West, 1790-1917

Author: Ferenc Morton Szasz

Publisher: University of Oklahoma Press

Published: 2000

Total Pages: 300

ISBN-13: 9780806132532

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"Scots trappers dominated the fur trade, often proving more loyal to clan than to trading company or nation. Relying on centuries of experience raising livestock for British markets, Scottish investors and managers became highly visible in the post-Civil War western cattle industry with thriving outfits such as the Swan Land and Cattle Company in Wyoming. They introduced new breeds to western ranching, such as the Aberdeen Angus, that remain popular today. Similarly, Scots herders dominated the western sheep industry, running herds of over 100,000 animals. Andrew Little's sheep ranch in Idaho was so famous that a letter addressed simply "Andy Little, USA" found its intended recipient.


Nature's Noblemen

Nature's Noblemen

Author: Monica Rico

Publisher: Yale University Press

Published: 2013-07-16

Total Pages: 301

ISBN-13: 0300196253

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DIV In this fascinating book Monica Rico explores the myth of the American West in the nineteenth century as a place for men to assert their masculinity by “roughing it” in the wilderness and reveals how this myth played out in a transatlantic context. Rico uncovers the networks of elite men—British and American—who circulated between the West and the metropoles of London and New York. Each chapter tells the story of an individual who, by traveling these transatlantic paths, sought to resolve anxieties about class, gender, and empire in an era of profound economic and social transformation. All of the men Rico discusses—from the well known, including Theodore Roosevelt and Buffalo Bill Cody, to the comparatively obscure, such as English cattle rancher Moreton Frewen—envisioned the American West as a global space into which redemptive narratives of heroic upper-class masculinity could be written. /div


The Twenty-first Century Confronts Its Gods

The Twenty-first Century Confronts Its Gods

Author: David J. Hawkin

Publisher: State University of New York Press

Published: 2012-02-01

Total Pages: 231

ISBN-13: 0791484610

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This book penetrates the assumptions of Western technological society and exposes the powers that govern it. The contributors argue that it is a mistake to think that religion and belief have been relegated to the private sphere and are no longer important in the public and political domains. They assert that the twenty-first century has a set of new godsthe powers of globalization, technology, the market, and military mightthat reign alongside those of traditional religions. These are the forces to which the modern era has granted ultimacy. This book looks at how major religions such as Christianity, Islam, Judaism, Hinduism, and Buddhism play an important role in politics and society on both the global and local levels. The new gods of technology, globalization, and war are shown to exacerbate the existing cultural divisions and religious strife that mark our time. By understanding the importance of that which is held sacred, whether traditional belief or modern practice not acknowledged as belief, the contributors help us to comprehend our present situation and challenges.


International Business in Australia before World War One

International Business in Australia before World War One

Author: Simon Ville

Publisher: Springer Nature

Published: 2022-09-29

Total Pages: 257

ISBN-13: 9811904812

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This book challenges conventional wisdom by revealing an extensive and heterogeneous community of foreign businesses in Australia before 1914. Multinational enterprise arrived predominantly from Britain, but other sender nations included the USA, France, Germany, New Zealand, and Japan. Their firms spread out across Australia from mining and pastoral communities, to portside industries and CBD precincts, and they operated broadly across mining, trading, shipping, insurance, finance, and manufacturing. They were a remarkably diverse population of firms by size, organisational form, and longevity. This is a rare study of the impact of multinationals on a host nation, particularly before World War One, and that focuses on a successful resource-based economy. Deploying a database of more than 600 firms, supported by contemporary archives and publications, the work reveals how multinational influence was contested by domestic enterprise, other foreign firms, and the strategic investments of governments in network industries. Nonetheless, foreign agency – particularly investment, knowledge and entrepreneurship – mattered in the economic development of Australia in the nineteenth as well as the twentieth centuries. This book will be of interest to students and researchers in Australian and international economic and business history, the history of economic growth and scholars of international business.