Americans in the China Market: Economic Opportunities and Economic Nationalism, 1890s-1931*

Michael H. Hunt

Business History Review, 1977, vol. 51, issue 3, 277-307

Abstract: Historians of various “schools” have seen quite different things in the United States’ long years of business activity in China. The “realists” as Professor Hunt calls them, deny that significant business opportunities existed for Americans and point to obstacles that the Chinese put in the way of trade; the “Wisconsin school,” he says, emphasizes the public rhetoric of officials and businessmen who saw China as an outlet for capitalist surpluses. Citing three case histories — kerosene, cigarettes, and textiles — Professor Hunt shows that generalization is dangerous; that success depended more on businessmen's own skill, resources, and control of their domestic industry than on help derived from an imperialistically minded government.

Date: 1977
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