Call Boomerang Books 1300 36 33 32

Get Latest Book News + FREE Shipping. Subscribe to the Boomerang Books Bulletin eNewsletter right now!

Description - The History of Foreign Investment in the United States to 1914 by Mira Wilkins

From the colonial era to 1914, America was a debtor nation in international accounts--owing more to foreigners than foreigners owed to us. By 1914 it was the world's largest debtor nation. Mira Wilkins provides the first complete history of foreign investment in the United States during that period. The book shows why the United States was attractive to foreign investors and traces the changing role of foreign capital in the nation's development, covering both portfolio and direct investment. The immense new wave of foreign investment in the United States today, and our return to the status of a debtor nation--once again the world's largest debtor nation--makes this strong exposition far more than just historically interesting.Wilkins reviews foreign portfolio investments in government securities (federal, state, and local) and in corporate stocks and bonds, as well as foreign direct investments in land and real estate, manufacturing plants, and even such service-sector activities as accounting, insurance, banking, and mortgage lending. She finds that between 1776 and 1875, public-sector securities (principally federal and state securities) drew in the most long-term foreign investment, whereas from 1875 to 1914 the private sector was the main attraction. The construction of the American railroad system called on vast portfolio investments from abroad; there was also sizable direct investment in mining, cattle ranching, the oil industry, the chemical industry, flour production, and breweries, as well as the production of rayon, thread, and even submarines. In addition, there were foreign stakes in making automobile and electrical and nonelectrical machinery. America became the leading industrial country of the world at the very time when it was a debtor nation in world accounts.

Buy The History of Foreign Investment in the United States to 1914 by Mira Wilkins from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780674396661
ISBN-10: 0674396669
Format: Hardback
(250mm x 200mm x mm)
Pages: 1080
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 30-May-1989
Country of Publication: United States

Book Reviews - The History of Foreign Investment in the United States to 1914 by Mira Wilkins

» Have you read this book? We'd like to know what you think about it - write a review about History of Foreign Investment in the United States to 1914 book by Mira Wilkins and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Author Biography - Mira Wilkins

Mira Wilkins is Professor of Economics at Florida International University.

Books By Mira Wilkins

History and Financial Crisis by Mira Wilkins
Paperback, September 2014
American Business Abroad by Mira Wilkins
Hardback, June 2011
Global Electrification by Mira Wilkins
Paperback, March 2011