The Historical Background to Foreign Investment in the U.S.A

Peter J. Buckley and Brian R. Roberts

Chapter 3 in European Direct Investment in the U.S.A. before World War I, 1982, pp 20-42 from Palgrave Macmillan

Abstract: Abstract The period 1865–1914 covers the 50 years from the end of the American Civil War to the start of World War I and in terms of direct investment in the U.S.A. was the most important in American history up to that time. This period is examined in Section 3.4. It is, however, important to consider the part played by European capital in the development of the U.S.A. before the Civil War and it is convenient to consider this in two parts. The first is the period from earliest colonial times to about 1800 and this is discussed in Section 3.2. The second period is that from about 1800 to the Civil War and this is discussed in Section 3.3. Section 3.5 explains the importance of the technological innovations of that time and explains why the country of origin often differed from that of development. Section 3.6 gives some data on the U.S. economy in 1914 and its growth up to that point. Finally, Section 3.7 looks at various attempts to estimate the numbers of companies actually involved in direct investment in manufacturing industry in the U.S.A. before 1914.

Keywords: Foreign Investment; Direct Investment; Historical Background; Trade Credit; Foreign Subsidiary (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05495-4_3

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DOI: 10.1007/978-1-349-05495-4_3

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