International Capital Markets and American Economic Growth 1820-1914

Abstract

1. The international flow of finance: an overview Introduction Net flows of capital 2. The sources and uses of foreign capital The sources and the industrial disposition of foreign capital: the quantitative evidence The sources and the industrial disposition of foreign capital: the qualitative evidence a) 1803-40 b) 1840-1914: railroads c) 1840-1914: government securities d) 1840-1914: land-related investments e) 1840-1914: commerce and manufacturing 3. The economic, social, and political response to foreign investment in the United States The American response The response of foreign investors 4. Two securities markets: London and New York The London and New York Stock Exchanges in the late 19th century The American domestic capital market and the demand for foreign capital 5. American investments abroad Introduction The early years: 1797-1896 Towards maturity: 1897-1914 6. Summary and conclusions.