American Century Investments

American Century Investments first conducted the Bond IQ Quiz in 1998, and the results for 2001 show that little has changed that year, only seven respondents were able to answer all 10 questions correctly. However, overall knowledge of bonds and bond mutual funds has dropped substantially over the past three years. Only 27 percent of those surveyed were able to answer at least half of the 10 questions correctly this year, compared to 35 percent in 1998. 

American Century Investments 2001 Bond IQ Quiz (Continued ) ... 

Source American Century Investments, Mountain View, CA, company press release. Business Wire, November 13, 2001, "American Century Investments Releases Results of Bond IQ Test and Bond Attitudes Study,-As Bonds Grow in Popularity, Knowledge of Fixed-Income Basics Slips."... 

In the late nineteenth and early twentieth centuries, German chemical companies took out U.S. patents they made their principal foreign investments in marketing their dyes. They developed networks of branch houses to serve the needs of the American textile industry. Thus, by 1914, Bayer had the Rensselaer factory that produced roughly 17 percent of America s... 

Accordingly, from 1915 to the time of U.S. entry into the war, a reluctant expansion of German direct investment in the United States occurred. No new monies came in, albeit there were American profits that could be reinvested. The output of Bayer s Rensselaer plant spurted upward. The Hoechst plant in Newark raised production Metz acquired a half interest in the Central Dyestuffs and Chemical Company in 1915, which hiked its once minimal output. The Cassella Co. organized a new U.S. subsidiary— Century Color Co.—to begin manufacture under Cassella s familiar C.C.C. trademark (the trademark it had used for imports). U.S. dyestuff production, which had been 2.5 million in 1914, by 1917 soared to 57.8 million. The general price index had risen, but nowhere near this extent. A substantial part of the expansion in dyestuff output was by German subsidiaries in the United States. 

Louis Galambos and Jeffrey L. Sturchio, "Transnational investment The Merck experience, 1891-1925," in Hans Pohl, ed.. Transnational investment from the nine-teenth century to the present (Stuttgart, 1994), 227-243 and Kathryn Steen, "Confiscated commerce American importers of German synthetic organic chemicals, 1914-1929," History and technology, 12 (1995), 261-285. 

The American chemical industry has grown dramatically since the late nineteenth century in absolute and relative terms. The chemical industry has become an increasingly important sector of the economy when compared to either the chemical process industries or manufacturing as a whole. This relative growth - especially during the interwar years - is evident when one considers such factors as output, capital productivity, total capital investment, and national income originating in the industry. 

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