The Returns to U.S. Imperialism, 1890–1929

Stanley Lebergott

The Journal of Economic History, 1980, vol. 40, issue 2, 229-252

Abstract: The paper focuses on U.S. foreign investment. Part I notes its trivial impact on returns to U.S. capital and considers its greater importance for five industry groups. Part II reviews the economic advantages accruing to U.S. citizens from interventions in Panama and Cuba. Part III, the bulk of the paper, asks what impact U.S. foreign investment had on Latin American factor returns. It finds no evidence in the anti-imperialist literature for the assertions that such investment cut labor incomes or landowners’ capital gains in these nations. It suggests that a struggle between two groups of capitalists, native and foreign, was more central to the economic aspects of “imperialist” conflict.

Date: 1980
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:40:y:1980:i:02:p:229-252_10

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().