United States -- Economic conditions -- 1918-1945; United States -- History
2. Toward foreign markets.
7. _Building on Foreign Resources_
The Bethlehem Steel Corporation is a typical industry that has built up
foreign connections as a means of exploiting foreign resources. The
Corporation has a huge organization in the United States which includes
10 manufacturing plants, a coke producing company, 11 ship building
plants, six mines and quarries, and extensive coal deposits in
Pennsylvania and West Virginia. The Bethlehem Steel Corporation also
controls ore properties near Santiago, Cuba, near Nipe Bay, Cuba, and
extensive deposits along the northern coast of Cuba; large ore
properties at Tofo, Chile, and the Ore Steamship Corporation, a carrying
line for Chilean and Cuban ore.
The American Smelting and Refining Company is another illustration of
expansion into a foreign country for the purpose of utilizing foreign
resources. According to the record of the Company's properties, the
Company was operating six refining plants, one located in New Jersey;
one in Nebraska; one in California; one in Illinois; one in Maryland,
and one in Washington. The Company owned 14 lead smelters and 11 copper
smelters, located as follows: Colorado, 4; Utah, 2; Texas, 2; Arizona,
2; New Jersey, 2; Montana, 1; Washington, 1; Nebraska, 1; California, 1;
Illinois, 1; Chile, 2; Mexico, 6. Among these 25 plants a third is
located outside of the United States.
These are but two examples. The rubber, oil, tobacco and sugar interests
have pursued a similar policy--extending their organization in such a
way as to utilize foreign resources as a source for the raw materials
that are destined to be manufactured in the United States.
8. _Manufacturing and Marketing Abroad_
The Bethlehem Steel Corporation and the American Smelting and Refining
Company go outside of the United States for the resources upon which
their industries depend. Their fabricating industries are carried on
inside of the country. There are a number of the great industries of the
country that have gone outside of the United States to do their
manufacturing and to organize the marketing of their products.
The International Harvester Company has built a worldwide organization.
It manufactures harvesting machinery, farm implements, gasoline engines,
tractors, wagons and separators at Springfield, Ohio; Rock Falls, Ill.;
Chicago, Ill.; Auburn, New York; Akron, Ohio; Milwaukee, Wisc., and
West Pullman, Ill. It has iron mines, coal mines and steel plants
operated by the Wisconsin Steel Company. It has three twine mills and
four railways. Foreign plants and branches are listed as follows:
Norrkoping, Sweden; Copenhagen, Denmark; Christiania, Norway; Paris,
France; Croix, France; Berlin, Germany; Hamilton, Ontario, Canada;
Zurich, Switzerland; Vienna, Austria; Lubertzy, Russia; Neuss, Germany;
Melbourne, Australia; London, England; Christ Church, New Zealand.
Public-domain text, read in full here on John Shaqi.
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