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The Farmers' Attitude Toward British Investment in American Industry
- Source :
- The Journal of Economic History. 15:151-159
- Publication Year :
- 1955
- Publisher :
- Cambridge University Press (CUP), 1955.
-
Abstract
- The flurry of British investment in American manufacturing industry from 1887 to 1891 was viewed with alarm, particularly in the West. At this time the farmer was preoccupied with the economic power of monopolistic industries and trusts, and so die British investor became deeply involved in this phase of the agrarian battle. In the past, capital from die United Kingdom had entered industrial concerns, chiefly railroads, without wresting the management out of American hands. More recently British investors had been building up and controlling dieir own enterprises in the West. Now, well-established and profitable American businesses were bought and directed from Britain. The farmer regarded this unaccustomed interest in American industrials either as a step toward die formation of great monopolies, or, even worse, as part of an imperialistic design conceived by London bankers to enslave the American people.
- Subjects :
- Economics and Econometrics
History
Battle
business.industry
media_common.quotation_subject
Economics, Econometrics and Finance (miscellaneous)
Investment (macroeconomics)
Agrarian society
Monopolistic competition
Economy
Capital (economics)
Manufacturing
Economic history
Business
Economic power
media_common
Subjects
Details
- ISSN :
- 14716372 and 00220507
- Volume :
- 15
- Database :
- OpenAIRE
- Journal :
- The Journal of Economic History
- Accession number :
- edsair.doi...........cdb5744c48053d54a25f56b88925f0ae