Archives
Opportunism
Never let tragedy get in the way of success …
“Meanwhile British and French investors were forced by their governments to sell off foreign assets to raise dollars for war purchases, and American investors swooped in to buy up undervalued assets, giving the U.S. even more financial leverage globally: as the total stock of British foreign direct investment around the world fell from £4.26 billion in 1914 to £3.1 billion in 1918, and French FDI fell from 45 billion to 30 billion francs over the same period, American FDI soared from $3.5 billion to $13.7 billion.”
Erik Sass February 15, 2018
Erik Sass is covering the events of the first world war exactly 100 years after they happened. This is from the 301st installment in the series.
An overview of the ware is here