British Investment and the Land: Nebraska, 1877–1946

Larry A. McFarlane

Business History Review, 1983, vol. 57, issue 2, 258-272

Abstract: Though often controversial, British investment has long played an important role in American economic development. But one sector where British capital has found a home is agriculture, where such investment has taken many forms in many places. In this essay Professor McFarlane looks at various land investments that Britons made in the North Central states, particularly Nebraska, during the last decades of the nineteenth and the first decades of the twentieth century, a time when there was a general agricultural boom in the cornhusker state, albeit one sandwiched around various business contractions. In his remarks McFarlane not only examines British strategies of investment but also quantifies its extent and its longterm return. To a degree his conclusions dispel some of the concerns and controversies that attended the flow of British capital into western lands.

Date: 1983
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