International Capital Markets and American Economic Growth 1820-1914

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.