While America's relationship with Britain has often been deemed
unique, especially during the two world wars when Germany was a
common enemy, the American business sector actually had a greater
affinity with Germany for most of the twentieth century. "American
Big Business in Britain and Germany" examines the triangular
relationship between the American, British, and German business
communities and how the special relationship that Britain believed
it had with the United States was supplanted by one between America
and Germany.
Volker Berghahn begins with the pre-1914 period and moves
through the 1920s, when American investments supported German
reconstruction rather than British industry. The Nazi seizure of
power in 1933 led to a reversal in German-American relations,
forcing American corporations to consider cutting their losses or
collaborating with a regime that was inexorably moving toward war.
Although Britain hoped that the wartime economic alliance with the
United States would continue after World War II, the American
business community reconnected with West Germany to rebuild
Europe's economy. And while Britain thought they had established
their special relationship with America once again in the 1980s and
90s, in actuality it was the Germans who, with American help, had
acquired an informal economic empire on the European continent.
"American Big Business in Britain and Germany" uncovers the
surprising and differing relationships of the American business
community with two major European trading partners from 1900
through the twentieth century.
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