Az Eszterházy Károly Tanárképző Főiskola Tudományos Közleményei. 1994. [Vol. 2.] Eger Journal of American Studies. (Acta Academiae Paedagogicae Agriensis : Nova series ; Tom. 22)

STUDIES - Tamás Magyarics: The (Re) creation of the Relations between the US and the Successor States in Central Europe after the First World War

securities of the Mercurbank"

1

8, Tyrol Hydro-Electric Co. and Lower Austrian Hydro-Electric Co.

1

9 Among the American companies the most active in the field were General Electric, having leverage on utilities, Standard Oil, American Radiator Co. and film companies, such as Fox, were present in Austria, too. The most important Austrian bank, Credit-Anstalt, was not devoid of American influence either: New York International Acceptance Bank, together with Anglo-International Bank were CreditAnstalt's major stockholders.

2

0 U.S. Automotive Equipment Co., engaged in marketing automotive parts and accessories through out Europe, had also its headquarters in Vienna. However, in sum, the American capital played only a minor role in the economic life of Austria. The most important partners of Austria remained Great Britain, France, and Germany.

2

1 The Republican administrations did not do more than was necessary to establish more or less normal relations with Austria, no matter how important a role this country could have played as a key to Central Europe. CZECHOSLOVAKIA Though the Czechs expressed their gratitude to the U.S. for the relief activity directed by Herbert Hoover in the post-war years

2

2, they hastened to make it clear that what they wanted was an independent Czechoin Hallgarten and Co. and E.F. Hutton and Co. of New York had a share in the bank's stocks of about ten per cent in 1923. Teichova, Alice and Cottrell, P.L. eds., International Business and Central Europe, 1918—1939 (New York: St. Martin's Press, 1983) 338. 1

9 Dunn, op. cit., 140. 2

0 See Teichova and Cottrell, op. cit, 91. 2

1 Ibid., 140. 2

2 "The memory of the generous activity of the U.S.A. will always be preserved in the history of the young Czechoslovakian State with gratitude for the help given to the Republic, under the guidance of Mr. Hoover, by supplying it on credit with grain, flour, and fats to the value of 51 million dollars." Alois Rasin, Financial Policy of Czechoslovakia during the First Years of Its History (Oxford: Clarendon Press, 1923) 64. 82