industry, utilities, and services (which totaled around $7 b
Citations (1)
- The Rise and Fall of the Great Powers whole source · open book
industry, utilities, and services (which totaled around $7 billion by 1914). Although some of this westward flow of bullion was reversed by the returns on European investments and by American payments for services such as shipping and insurance, the drain was a large one, and constantly growing larger; and it was exacerbated by the U.S.
chapter: The Position of the Powers, 1885–1914