International Capital Markets and American Economic Growth, 1820-1914

Description

This book examines the economic impact and the political economy of foreign investment in the United States and of American investment abroad. It provides quantitative estimates and qualitative descriptions of the sources and uses of those funds and, in the process, an analysis of the symbiotic relationship between the New York and London stock exchanges and of the evolution of the American domestic capital market. Finally, it explores the domestic political response to foreign investment in Latin America, in Canada, and in the United States.

"This inquiry is well conceived and is clearly and concisely presented. Documentation is thorough and, with the bbiliography, serves as an excellent review and update of the pertinent sources." Paul Abrahams, The Journal of American History "...a well documented overview of America's experience in the international capital market." Kerry Odell, American Historical Review "This small book manages to cram a lot into a little, and to do it rather well." James R. Lothian, Journal of Interdisciplinary History