“Profits” and the Frontier Land Speculator

1957 ◽  
Vol 17 (1) ◽  
pp. 1-24 ◽  
Author(s):  
Allan G. Bogue ◽  
Margaret Beattie Bogue

From the days of the confederation through the nineteenth century, the frontier land speculator was a familiar figure in the United States. Perambulating foreigners recorded the activities of this gentleman, and land speculation was discussed in both Congress and in the editorial columns of Western newspapers. Many twentieth-century students of America's political and economic development have dealt in one way or another with frontier land speculation. They have depicted the land speculator at times as a sinister figure, corroding the morals of national or state legislators as the lawmakers endeavored to formulate land policy. Writers have sketched the antagonism between speculator and “actual settler.” Nor have they ignored the effect which the speculator had upon the social and economic development of the region in which he operated. Such commentators have contributed to a literature that has its share of colorful characters and even displays the occasional symbol: star-crossed Robert Morris entering debtors'

Author(s):  
Ryan W. Keating

The men who marched to war in 1861 and 1862 returned home during and after the war and attempted to rejoin the communities they had left months and years before. Many veterans experienced trials and tribulations as they negotiated post-war America in search of stability and success. But their experiences were by no means unique, for many Americans, veterans and otherwise, immigrant and native born, struggled to secure their place in the bourgeoning cities and towns of late 19th century America. For the veterans of these Irish regiments from Connecticut, Illinois, and Wisconsin, their post-war lives were a mixture of success and failure, of hardship and triumph. Often proud of their service, these veterans were active participants in the social and economic development of the United States after mid-century and actively pursued opportunities that would better themselves and their place within American society.


Every region and people has peculiar economic characteristics and these features largely have roots in that region‟s social structure, social psychology and its dynamics. The capitalist economy of the United States has roots in individualismand Protestant Work Ethic, influenced both by Protestant religion and the social character of the Americans; the Client Economy of Saudi Arabia has deep linkages to its tribal social structure and the so-called Bazaar Economy of Afghanistan is profoundly embedded in the Pakhtun social structure of the country. The Pakhtuns of Pakistan have a peculiar social structure and social psychology thereof having profound and extensive influence on the region‟s economy particularly its largely underdevelopedcondition. The paper explores the characteristics of Pakhtun social structure and the interactive linkages between the social edifice and economic development or lack of it.


Author(s):  
Charles I. Schottland

Since World War II, "social" programs have expanded rapidly throughout the world and there has been in creasing recognition that in the economic development of less- advanced nations, social development must keep pace if nations are to avoid social dislocations frequently associated with in dustrial and urban expansion. Bilateral programs have not given adequate attention to the social aspects of economic development. The United States has made its largest contri bution in the social field in the area of technical assistance to "community development," a movement with broad political, social, and economic implications which is spreading through out the world and is aimed at improving village life. The International Co-operation Administration (ICA) has also en gaged in training of personnel and direct service in the social field but has instructed that social programs must contribute to economic development. Other countries have likewise en gaged in bilateral programs in the social field, but, as in the United States program, they have minimized activities in the social field as compared to economic development programs. Increased attention to social factors can minimize the social problems associated with rapid economic development and in dustrialization and this is urged for future United States pro grams since the United States has the largest bilateral program in the world.


1978 ◽  
Vol 8 (2-3) ◽  
pp. 101-103

The purpose of the Overseas Private Investment Corporation (OPIC) is “to mobilize and facilitate the participation of United States private capital and skills in the economic and social development of less developed friendly countries and areas, thereby complementing the development assistance objectives of the United States” (Foreign Assistance Act of 1969, quoted in Investment Insurance Handbook, p. 3). OPIC seeks to accomplish this through providing investment insurance and financing to corporations which are willing to invest in less developed countries. “In all instances the projects OPIC supports must assist in the social and economic development of the country, and must be consistent with the economic interests of the United States” (Investment Financing Handbook p. 3).


1991 ◽  
Vol 30 (2) ◽  
pp. 213-217
Author(s):  
Mir Annice Mahmood

Foreign aid has been the subject of much examination and research ever since it entered the economic armamentarium approximately 45 years ago. This was the time when the Second World War had successfully ended for the Allies in the defeat of Germany and Japan. However, a new enemy, the Soviet Union, had materialized at the end of the conflict. To counter the threat from the East, the United States undertook the implementation of the Marshal Plan, which was extremely successful in rebuilding and revitalizing a shattered Western Europe. Aid had made its impact. The book under review is by three well-known economists and is the outcome of a study sponsored by the Department of State and the United States Agency for International Development. The major objective of this study was to evaluate the impact of assistance, i.e., aid, on economic development. This evaluation however, was to be based on the existing literature on the subject. The book has five major parts: Part One deals with development thought and development assistance; Part Two looks at the relationship between donors and recipients; Part Three evaluates the use of aid by sector; Part Four presents country case-studies; and Part Five synthesizes the lessons from development assistance. Part One of the book is very informative in that it summarises very concisely the theoretical underpinnings of the aid process. In the beginning, aid was thought to be the answer to underdevelopment which could be achieved by a transfer of capital from the rich to the poor. This approach, however, did not succeed as it was simplistic. Capital transfers were not sufficient in themselves to bring about development, as research in this area came to reveal. The development process is a complicated one, with inputs from all sectors of the economy. Thus, it came to be recognized that factors such as low literacy rates, poor health facilities, and lack of social infrastructure are also responsible for economic backwardness. Part One of the book, therefore, sums up appropriately the various trends in development thought. This is important because the book deals primarily with the issue of the effectiveness of aid as a catalyst to further economic development.


Author(s):  
V. Iordanova ◽  
A. Ananev

The authors of this scientific article conducted a comparative analysis of the trade policy of US presidents Barack Obama and Donald Trump. The article states that the tightening of trade policy by the current President is counterproductive and has a serious impact not only on the economic development of the United States, but also on the entire world economy as a whole.


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