American International Corporation was an American investment trust founded in 1915 by Frank Vanderlip; Willard Straight was the key operational leader.[1] Its board and stockholders included a wide range of leading American financiers and industrialists. With an initial capitalization of 50 million dollars and located at 120 Broadway in Manhattan, its goals were to invest in foreign companies and projects, especially in China & Russia during France and the United Kingdom's fiscal distress caused by World War I.[2] Its ambitious plans were stymied by opposition from the Wilson administration and the focus of attention on supporting the war effort. Russia fell into civil war and China was chaotic after the death of its leader in 1916. Willard Straight died and Vanderlip was fired. Despite years of planning, construction work was never begun on the Corporation's elaborate projects in Russia and China. The Corporation did set up an network of branch offices for National City. Its international investments were not profitable and it switched to domestic investment. [3][4]
References
^ Roberta, Priscilla. “Frank A. Vanderlip and the National City Bank During the First World War.” In: Essays in Economic and Business History, no. 20 (2002), pp. 145-166.
^Bankers and Diplomats in China 1917-1925: The Anglo-American Relationship 1st Edition by Roberta Allbert Dayer, Frank Cass Publishers, (1981)
Mazuzan, George T. "'Our New Gold Goes Adventuring': The American International Corporation in China." Pacific Historical Review 43.2 (1974): 212-232. online
Scheiber, Harry N. "World War I as Entrepreneurial Opportunity: Willard Straight and the American International Corporation." Political Science Quarterly 84.3 (1969): 486-511. online
External links
American International Corporation records at Yale University (1917). Reports on iron ore and manganese deposits in South Russia, submitted by American International Corporation engineers Charles Rees and M.A. Neeland.
This article about a financial services corporation of the United States is a stub. You can help Wikipedia by expanding it.
american, international, corporation, american, investment, trust, founded, 1915, frank, vanderlip, willard, straight, operational, leader, board, stockholders, included, wide, range, leading, american, financiers, industrialists, with, initial, capitalization. American International Corporation was an American investment trust founded in 1915 by Frank Vanderlip Willard Straight was the key operational leader 1 Its board and stockholders included a wide range of leading American financiers and industrialists With an initial capitalization of 50 million dollars and located at 120 Broadway in Manhattan its goals were to invest in foreign companies and projects especially in China amp Russia during France and the United Kingdom s fiscal distress caused by World War I 2 Its ambitious plans were stymied by opposition from the Wilson administration and the focus of attention on supporting the war effort Russia fell into civil war and China was chaotic after the death of its leader in 1916 Willard Straight died and Vanderlip was fired Despite years of planning construction work was never begun on the Corporation s elaborate projects in Russia and China The Corporation did set up an network of branch offices for National City Its international investments were not profitable and it switched to domestic investment 3 4 References Edit Roberta Priscilla Frank A Vanderlip and the National City Bank During the First World War In Essays in Economic and Business History no 20 2002 pp 145 166 Bankers and Diplomats in China 1917 1925 The Anglo American Relationship 1st Edition by Roberta Allbert Dayer Frank Cass Publishers 1981 Scheiber 1969 Mazuzan 1974Further reading EditMazuzan George T Our New Gold Goes Adventuring The American International Corporation in China Pacific Historical Review 43 2 1974 212 232 online Scheiber Harry N World War I as Entrepreneurial Opportunity Willard Straight and the American International Corporation Political Science Quarterly 84 3 1969 486 511 onlineExternal links EditAmerican International Corporation records at Yale University 1917 Reports on iron ore and manganese deposits in South Russia submitted by American International Corporation engineers Charles Rees and M A Neeland This article about a financial services corporation of the United States is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title American International Corporation amp oldid 1046538597, wikipedia, wiki, book, books, library,
