"Berghahnâs impressive and innovative work of transnational history will form a key point of departure for scholarship on these additional areas of complexity."--Ray Stokes, American Historical Review
"Even for readers who struggle to find support for some of its claims . . . this formidably eclectic report on some neglected themes offers an interesting survey of the changing perspectives of American and European business elites on multiple important issues."--Leslie Hannah, EH.Net
"This is an interesting and attractive book about the Americanization of European--particularly British and German--business culture in the first half of the twentieth century. Strengthened by the documents of notable individuals, the book will interest general historians of twentieth century Europe and Americanization, and be useful to those studying debates about capitalism."--Harold James, Princeton University
"In this important book, Berghahn illuminates the two special transatlantic relationships which the U.S. government and especially U.S. big business developed with Britain and Germany. Focusing on the attitudes and policies of American economic and political elites, this expansive book draws effectively from rich secondary literature and primary sources."--Mary Nolan, New York University
"Overall, the German-American 'special relationship' was more intensive and successful than the British-American one. Berghahn convincingly examines the ups and downs and the recurrent patterns of the triangular relationship that shaped the economic development of the largest economy in the world and its most important European partners. . . . In this sense, a 'triangular history' is innovative, as it analyzes the American focus from a comparative perspective and thus facilitates a distinct advance in knowledge."--Christian Kleinschmidt
"Berghahn has provided a book of original scholarship that challenges earlier works concentrating on the âspecial relationshipâ between the United States and Great Britain. . . . Employing a wide range of sources, especially newspapers and the private writings of contemporaries, Berghahn provides a riveting economic-diplomatic history, illustrating quite clearly that power follows the money."--Mark D. Kuss, German Studies Review
"Berghahn's study is a significant one, calling attention to a long history, too little studied, of a German-American âspecial relationshipâ based on big business connections and insisting upon the value of broad, qualitative historical narratives in economic history. On both of these scores, this ambitious book succeeds."--Emily S. Rosenberg, Journal of Modern History
"This outstanding comparative study examines a neglected force in the growing influence of the U.S. on 20th-century Europe and its 'Americanization' until about 1957 and Great Britain's debacle in the Suez Crisis. . . . This book is absolutely essential for the most advanced readers in the social sciences."--Choice I The North Atlantic Business Triangle and the Constellation of 1900-1901 II Cooperation, Peaceful Competition, and the Specter of War, 1902-1914 III From the Outbreak of War in July 1914 to the Genoa Conference, 1922 IV The North Atlantic Triangle: Economic Reconstruction and Collapse, 1923-1933 V Nazi Germany, Appeasement, and Anglo-American Big Business, 1933-1941 VI British and German Business and Politics under the Pax Americana, 1941-1957 Conclusions 355
1. A Long Book in a Nutshell 1
2. Conceptualizing "Americanization" and the "American Century" 2
3. The Anglo-American "Special Relationship" 5
4. The German-American "Special Relationship" 8
5. Sources 11
6. Transatlantic History and Its Global Dimensions 12
7. The Trials and Tribulations of Venturing into a Foreign Economy 14
1. International Relations Around 1900 22
2. Assessing the Old and the New Century 23
3. Political and Economic Relations in the Age of Late-Nineteenth-Century Imperialism 27
4. Frank Vanderlip's and William Stead's Views of Anglo-American Relations 30
5. American Perceptions of the Wilhelmine Industrial System 37
6. Trying to Understand the Peculiarities of the German Political System 45
7. The Cultural Difficulties of Operating in Foreign Markets 49
1. Introduction 57
2. American Foreign Direct Investments in Britain and Germany 58
3. Facing British and German Competition and Cooperation 63
4. Prince Heinrich's Mission and German-American Relations in the New Century 70
5. American Big Business in Britain and Germany at Mid-Decade 73
6. The Threat of Deteriorating Political Relations 75
7. Comparing the Peculiarities of the American and German Industrial Systems 79
8. American Big Business and the Question of Political Participation 84
9. American and European Businessmen and the Specter of a Major War 88
1. The Military-Political Origins of World War I 105
2. The International Business Community and the Outbreak of War in 1914 108
3. The Ambiguities of American Neutrality 113
4. The American Economy and the Moves to Enter the War 116
5. The American Entry into the War and the Dilemmas of Peacemaking 123
6. American Big Business and European Reconstruction 126
7. The Idea of an International Loan for European Reconstruction and Its Failure 131
8. The State of the American, British, and French Economies in the Early 1920s 134
9. American Big Business and the Postwar Crisis in Germany 137
10. American Big Business, Washington, and the Question of European Loans 139
11. The Origins of the Washington System in the Far East 142
12. Britain's Rival Attempt to Spearhead a European Recovery Plan 144
1. Introduction 160
2. German Reparations and the Harding Administration 161
3. American Big Business and the Crisis of 1923 165
4. Political Stabilization through the Locarno Pact 168
5. The American Business Community and the Dawes Plan 170
6. American Big Business and the British Economy 179
7. American Investments in Weimar Germany and Their Risks 187
8. The Problem of International Cartels, Trusts, and Cooperations 195
9. The Instabilities of Weimar Politics and American Business Optimism 201
10. Parker Gilbert's Pessimism and American Business Gullibility 206
11. America's Domestic Boom and the "Wild" Years of 1925-1929 211
12. The Great Slump and Its Consequences in International Politics 214
1. Introduction 227
2. Hitler's Ideology of Conquest and Ultimate War Aims 229
3. Hitler's Foreign Policy in the 1930s 232
4. The Underestimation of Hitler and British Appeasement 236
5. American Foreign Policy in the 1930s 239
6. American Big Business and the Roosevelt Administration 243
7. Stimulating American Industrial Production 245
8. American Views of the Hitler Dictatorship 250
9. Hitler and German Industry 255
10. Doing Business in Nazi Germany 257
11. The U.S. Auto Industry and Mass Motorization 260
12. British and American Business and the Preservation of Peace 266
13. IBM in Germany 272
1. Hitler's Quest for Victory in the East 286
2. Planning for Victory and Henry Luce's "American Century" 288
3. Cartels and the "German Question" 293
4. The Role of American Big Business in Postwar Planning 299
5. The Start of the Cold War and Anglo-American Relations in Occupied Germany 301
6. The Politics of Decartelization 307
7. The Response of West German Industry to America's Recasting Efforts 313
8. Britain and the Difficulties of Economic Reconstruction 317
9. The Origins of the European Coal and Steel Community 323
10. American Big Business and Otto A. Friedrich 326
11. Modernizing Phoenix A.G. and Erhard's Anti-Cartel Bill 329
12. The Reluctant Modernization of British Industry 332
13. America and the Suez Crisis 339
Acknowledgments 365
Index 367