The Annals of the American Academy of Political and Social Science, Vol. LVII-LIX (1915).
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(Consists of separate booklets + bibliogra- phy, etc. Vol. LIX (1915. May): The Ameri- can Industrial Opportunity. A collection of articles.) |
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Return to it |
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Total wages in the U.S.A.[4]
1/10—$1,000 and > (p. 115) 2/10—$750-1,000 7/10—< $750 |
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Includes an article by William S. Kies, “Branch Banks and Our Foreign Trade” (p. 301).
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“Forty English banks operating in foreign countries have 1,325 branches; in South America five German banks have forty branches and five English banks have seventy branches.... England and Germany have put into Argen- tina, Brazil, and Uruguay, in the last twenty-five years, approximately 4,000 million dollars, and as a result enjoy together 46 per cent of the total trade of these three countries.”[1] |
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((and further on New York’s aspirations and attempts to replace them....))
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A special examination of the “opportunity” for the U.S.A. to take advantage of the war to increase its trade, etc. with South America. |
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p. 331 (in another article).... “Sir George Paish in the last annual of The Statist estimat- ed that upwards of 40,000 million dollars of the capital had been supplied to the less developed countries by the five lending nations of the world, Great Britain, Germany, France, Belgium and Holland”....[2] |
200,000 million francs. 40,000 million dollars = 160,000 million marks |
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cf. p. 2 here[3] |
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In another article on “South American Markets”: “Another fundamental proposition— and the most important of all in increasing trade with South America—is the investment of capital from the United States in loans and in construction and similar enterprises. The country whose capital is invested in a South American country is going to get the most of the contracts for materials used in construction enterprises, railway building, and the like, as well as the contracts for public improvements carried on by the governments. |
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England’s investments in Argentine railways, banks and loans are the living evidence of this fact” (314).... |
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110 corporations own capital = 7,300 million dollars, number of shareholders = 626,984.
Figures for 1910 given, inter alia, in “Stocks and Stock Market”. Total American stocks = 34,500 million dollars (but without overlapping approximately) = 24,400 million dollars, and total wealth = 107,100 million dollars.
[1] See present edition, Vol. 22, p. 245.—Ed.
[2]Ibid., p. 245.—Ed.
[3] See pp. 66-67 or this volume.—Ed.
[4] The data on the annual wages of workers in the U.S.A. in 1913 are taken from an article by Scott Nearing, “The Adequacy of American Wages”, published in The Annals of the American Academy of Political and Social Science, Vol. LIX, p. 115. p. 48
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