Abstract
In this article Mr. Secada analyzes the origins of W. R. Grace and Company and its rise as a dominant actor in Peruvian economic history. He attributes this ascendancy primarily to the arms trade in which Grace engaged on behalf of the Peruvian government during the War of the Pacific (1879–84). Grace's early status as an intimate of the dominant Peruvian elite, its deft manipulation of its ambiguous position as an American shipping house, its imaginative construction of a nascent intercontinental trading network utilizing both sea and rail transport, and its willingness to invest its own capital in the development of potential product lines—all served to catapult the firm within a period of thirty years into a powerful trading house and foreign investor in Latin America.
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