The American 'Commercial Invasion' of Europe

by Frank A. Vanderlip

Excerpt from The American Commercial Invasion of EuropeEngland has not been alone, however, in expending large amounts of capital in military campaigns. The powers have all spent great sums in the last year in the military operations in China. The floating of loans in that connection has made demands upon capital that have further embarrassed industrial affairs. Here in Russia we have had, in addition to those unfavorable in uences, other embarrassing conditions. The Government has been building less railroad than has been constructed at any time during the last ten years. As the Government is the chief customer for railroad supplies, de pression has naturally followed in all industries depending upon railroad construction. Then there have been industrial enter prises organized here on a not too sound financial basis. But as we get farther away from some of these special causes of depression. I think the industrial crisis will end.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."

97 pages, Hardcover

First published January 1, 1903

About the author

Frank Arthur Vanderlip, Sr. was an American banker. He was Assistant Secretary of the Treasury from 1897-1901[1] and was president of the National City Bank from 1909 to 1919.

Reviews

[Mark Higgins · Rating 5 out of 5]

This is an almost completely unknown but invaluable resource that explains how the United States suddenly catapulted ahead of Europe as a manufacturing power at the turn of the 20th century. The event was 50 years in the making, but from 1896 to 1906, the United States decisively positioned itself as the new manufacturing powerhouse of the world. It was a first critical step to replacing the British Empire as the world’s workshop. Frank Vanderlip explains what the American Commercial Invasion looked like from the perspective of Europeans. It is a short, but excellent resource on American financial history.