The American Challenge of the Twenties: Multinationals and the European Motor Industry

  title={The American Challenge of the Twenties: Multinationals and the European Motor Industry},
  author={James Foreman-Peck},
  journal={The Journal of Economic History},
  pages={865 - 881}
  • J. Foreman-Peck
  • Published 1 December 1982
  • History, Economics
  • The Journal of Economic History
The different rates of technical progress in Western Europe and the United States, exemplified by the motor industry, created a problem of adjustment in international payments by the 1920s. American direct investment in manufacturing in Europe was a manifestation of technological superiority and a partial solution to the payments problem. The scale of their operations gave the American motor vehicle firms an advantage even in foreign production. An alternative way of closing the technological… 

The Americanisation of the European Economy after 1880 Americanisation of the Economy

The USA possessed efficient management and considerable potential to expand its capital, research and technology. Consequently, the country became one of the foremost economic models of the 20th

An American and European technological difference: The early motor car power source

Abstract Leslie Hannah contends that Europe was a more integrated market than the US at the turn of the twentieth century. This article shows lesser integration is part of the explanation for why the

The social organization of production, competitive advantage and foreign investment: American automobile companies in the 1920s and Japanese automobile companies in the 1980s

This paper compares the establishment of American assembly plants in Europe during the 1920s and the establishment of Japanese assembly plants in North America during the 1980s. It argues that these

Selling the World: Public Relations and the Global Expansion of General Motors, 1922–1940

General Motors (GM) became the world's dominant automaker in the 1920s and 1930s thanks in part to a dynamic, centralized public relations operation. The intended audience of this marketing included

The British economy between the wars

INTRODUCTION The 1920s and 1930s were years of transition, most obviously between the First and Second World Wars. But they were also years of transition between the long nineteenth century, when

The Origins of American Industrial Success, 1879-1940

The United States became the world's preeminent manufacturing nation at the turn of the twentieth century. This study considers the bases for this success by examining the factor content of trade in

Industrial and commercial finance in the interwar years

INTRODUCTION The relationship between industry and the financial system in the interwar years has been extensively discussed, almost always with a perspective of seeking to allocate some kind of

Trade, 1870–1939: from globalisation to fragmentation

INTRODUCTION In 1870 Britain appeared to dominate the international economy; by 1939 things looked very different as export industries struggled in a moribund international economy. In the eighteenth

Manufacturing and technological change

THE SHAPE AND COURSE OF BRITISH MANUFACTURING The global economic leadership that Britain enjoyed in the nineteenth century had its foundations in the nation’s unprecedented industrial capability. To



Labor Scarcity and the Problem of American Industrial Efficiency in the 1850's

  • P. Temin
  • History, Economics
    The Journal of Economic History
  • 1966
Europeans have been coming to America and commenting about the nature of American technology for over a century. Despite the evident economic changes in the course of this century, the comments on

Concentration in the Inter-War Motor Industry *

THIS paper analyses the increasing level ofconcentration which took place in the British car industry during the inter-war period. In addition to that phenomenon, in an industry which in 1918 had

The Growth of the Transnational Industrial Firm in the United States and the United Kingdom: A Comparative Analysis

THIS article is an exercise in comparative institutional history. It examines the beginnings and continuing growth of a powerful economic institution, the modern transnational industrial corporation,

The Political Economy of Industrial Location: The Ford Motor Company at Cork 1912–26

I IN 1917 Henry Ford, Managing Director of the largest automotive company in the world, established an enterprise to manufacture motor tractors in Ireland. Operating under the name of Henry Ford &

United States Economic Policy and the “Dollar Gap” of the 1920's

PRINCIPAL weakness of the international economy during the I 920's was the persistent imbalance in international payments. Numerous countries in central and eastern Europe, and among non-European

Perspectives on technology

Part I. Some origins of American technology: 1. Technological change in the machine tool industry, 1840-1910 2. America's rise to woodworking leadership 3. Anglo-American wage differences in the

My years with General Motors

When Alfred P. Sloan, Jr. joined General Motors in 1918, it was a sprawling, loosely organized company heading toward severe financial and management crises. Two years later, after the resignation of

The American Challenge

••• Jean-Jacques Servan-Schreiber (1924 – 2006) was a WWII fighter pilot, the founder of the French newsweekly L’Express, author of several bestsellers, and deputy and President of the regional

The rationale of the multinational enterprise

This chapter considers the extent to which the competitiveness and profitability of the MNE stem from its ability to enhance the efficiency of world-wide resource allocation. It is argued that the