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The success of Balfour, Guthrie and Company in mobilizing British and American capital for productive investment contributed importantly to the economic development of the Pacific-coast region of the United States. The changing economic patterns of that region emerge through Professor Rothstein's analysis of the firm and its managers' actions and responses, from which a broader understanding of the problems and direction of foreign investment in the American West is possible.
One of the most neglected aspects of the celebrated Teapot Dome investigation is the reaction of businessmen in general to these events. This article analyzes the views of the business community to Teapot Dome and reveals how various business interests reacted to the episode.
Merely by existing, the United States and the Western world as a whole bring to bear … a constant cultural pressure. But even though the idea of industrialization, expanded consumption, and political egalitarianism may pour forth equally for all … countries, what is absorbed varies widely from one to another. How and why and toward what ends each nation moves is conditioned by its own traditions and appreciations as well as by the historical course of its particular set of involvements with the industrially advanced nations.
The disposition of the estate of the merchant A. T. Stewart, and the interplay of personalities, social mores, and the changing structure of merchandising in America provide the focus for this fascinating and neglected story.
The interrelationship of national security, the Atomic Energy Commission, government financial support, and the birth pangs of a new and growing industry with unusual competitive characteristics are examined in this article.