Economic History
During the nineteenth century Great Britain was one the major foreign lenders of capital to countries in Europe, Asia, and Americas. While in the late 1820s most of the British investments were concentrated in the North America, in 1860-1870 Empire countries became the major recipient of British capital. India was the most absorbing region of British funds, there Britain invested £95m. in railways between 1845 and 1875. After 1870 about one half of British investments concentrated in Empire countries. However, the United States also kept on receiving British capital outward flow, which was mostly invested in railroad companies. Why did the British lend so much money abroad during the period of 1870-1914? First of all, it was unprofitable for Britain to invest money at home for the British economy was depressed at that period of time; that's why Britain kept earning a higher rate of return by investing the capital in foreign countries. Various foreign transportation and industrial investment projects with high
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Some common words found in the essay are:
North America, Kenwood Lougheed, Michael Edelstein, America Australasia, Europe European, Australia British, , Asia Americas, India Australia, History Britain, british investments, british economy, foreign countries, michael edelstein, raw material, empire countries, british investments concentrated, invested railroad, investments concentrated, british capital, capital foreign, invested railroad companies, capital foreign countries, foodstuffs raw material,
Approximate Word count = 692
Approximate Pages = 3 (250 words per page double spaced)
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