American Big Business in Britain and Germany: A Comparative by Volker R. Berghahn

By Volker R. Berghahn

Whereas America’s dating with Britain has frequently been deemed certain, in particular in the course of the international wars whilst Germany was once a standard enemy, the yank company area really had a better affinity with Germany for many of the 20th century. American titanic enterprise in Britain and Germany examines the triangular dating among the yank, British, and German enterprise groups and the way the precise courting that Britain believed it had with the us was once supplanted via one among the United States and Germany.

Volker Berghahn starts off with the pre-1914 interval and strikes throughout the Twenties, whilst American investments supported German reconstruction instead of British undefined. The Nazi seizure of energy in 1933 resulted in a reversal in German-American kinfolk, forcing American enterprises to think about slicing their losses or participating with a regime that used to be inexorably relocating towards struggle. even though Britain was hoping that the wartime fiscal alliance with the U.S. could proceed after global battle II, the yankee enterprise group reconnected with West Germany to rebuild Europe’s financial system. And whereas Britain proposal that they had demonstrated their certain courting with the United States once more within the Eighties and 90s, surely it used to be the Germans who, with American support, had obtained an off-the-cuff monetary empire at the eu continent.

American massive company in Britain and Germany uncovers the spectacular and differing relationships of the yankee enterprise group with significant ecu buying and selling companions from 1900 throughout the 20th century.

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Extra resources for American Big Business in Britain and Germany: A Comparative History of Two "Special Relationships" in the 20th Century

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But the time frame we need to focus on to understand the creation of fossil fuels doesn’t go back that far. Coal came from plants that grew between 286 million and 360 million years ago, an age known as the Carboniferous Period. During this time, our planet’s land masses were covered with great tropical swamps, out of which grew massive trees, ferns, and large leafy plants. org 30 e A M E R I C A’ S E N E R G Y PA S T A N D P R E S E N T organisms with silica cell walls called diatoms; and mats of algae, a green gooey substance made up of microscopic plants, especially algae, living together in colonies.

17 Among the oil companies formed were Standard Oil of New York (which eventually became Mobil), Standard Oil of New Jersey (which later became Esso and then Exxon), and Standard Oil of California (which is now Chevron). ELECTRIFYING THE WORLD Modern civilization has become highly dependent on coal as well as oil, and it is in part due to the knowledge Benjamin Franklin gave the world when his famous kite-flying experiment proved that lightning was electricity. For many years after Franklin’s famous discovery of the phenomenon of moving electrons, electricity was viewed by the general public as a mere scientific curiosity without any real practical application.

But the popularity of the electric light also brought a decline in profits for the petroleum oil industry. The American public no longer wanted to deal with messy and highly flammable kerosene lamps when, at the flick of a wall switch and with no unpleasant kerosene odor, they could enjoy the ease of electric illumination in their homes and offices. Oil companies faced an uncertain future as the demand for kerosene steadily declined with electricity’s rapid rise. However, a new invention called the horseless carriage would soon bring the petroleum industry a business bonanza opportunity.

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