International Capital Markets and American Economic Growth, 1820-1914Cambridge University Press, 2002 M07 18 - 180 pages This book is a study of the capital transfers to the United States in the nineteenth and twentieth centuries and, for the latter decades of that period, of the transfers from the United States to the rest of the worldMparticularly Canada, the Caribbean, Mexico, and Central and South America. It provides a quantitative estimate of the level and industrial composition of those transfers, and qualitative descriptions of the sources and uses of those funds; and it attempts to assess the role of those foreign transfers on the economic development of the recipient economies. In the process, it describes the evolution of the American domestic capital market. Finally, it explores the issue of domestic political response to foreign investment, attempting to explain why, given the obvious benefits of such investment, the political reaction was so negative and so intense in Latin America and in the American West, but so positive in Canada and the eastern United States. |
Contents
The sources and uses of foreign capital | 10 |
The economic social and political response to foreign | 50 |
Two securities markets London and New York | 63 |
American investments abroad | 79 |
Summary and conclusions | 109 |
Endnotes | 115 |
108 | 126 |
161 | 132 |
Other editions - View all
International Capital Markets and American Economic Growth, 1820-1914 Lance E. Davis,Robert J. Cull No preview available - 1994 |
Common terms and phrases
agricultural Amer America's Stake American capital American economy American railroad bankers banks bonds Boston Britain British Capital British Investment Bullock Canada Canadian Capital Called capital market Central Central America Chicago Cleona Cleona Lewis Copper Cuba Cuban Davis debt decade Despite direct investment Dollar Diplomacy dollars domestic Dutch Economic History estimates Europe European example figure finance foreign capital foreign investment French funds German Guggenheims hereafter cited ican included increased industrial International investment in American investors issues J. P. Morgan Jenks Journal of Economic land listed loans London market London Stock Exchange long-term manufacturing ment Metal Magic Mexican Mexico Migration of British million Mira Wilkins mortgage Multinational Enterprises National nineteenth century NYSE organized Pacific Paish percent Pillsbury-Washburn Platt political portfolio investment rails Railway savers Scottish American sector securities share Simon substantial sugar traded transfers United University Press Veenendaal West western William Guggenheim York Stock Exchange