« Wells Fargo Never Forgets | Main | Service To The Stars »

More Goods From The Archives

Charles

This morning I find a plaque on my desk with a note, "Blog?" That's an easy question, because the answer is always "Yes"—if it exists, it's as good as blogged about. Which is both existential philosophy Click here to learn about third-party website links and grammaticide Click here to learn about third-party website links. Whatever.

Anyway, the plaque commemorates a partnership between Wells Fargo and TIME Magazine Click here to learn about third-party website links, "40 Years of Partnership in LATIN AMERICA."

Wells Fargo Bank/TIME Magazine - 40 years of partnership in Latin America (click for larger image in a new window)In 1941, Wells Fargo Bank & Union Trust Co. ran an ad in TIME that showed booming levels of trade with Latin America. Much of Latin America enjoyed recovery from the worldwide Great Depression Click here to learn about third-party website links of the 1930s, thanks to better prices for their exports and a nicer exchange rate of international money. Some nations were able to settle their debts, stimulate internal economies and meet demands for their products in world markets. Industry in Latin America Click here to learn about third-party website links had reached maturity, and with the Depression affecting the whole world, that maturity came at a good time. Things were looking up.

World War II Click here to learn about third-party website links broke out in Europe in 1939, and industry became the vital component of alliances. Combatants needed stuff and lots of it. Latin American industries were ready, but as with every business, they wanted cash. North American and European banks stood in line to invest, and Wells Fargo Bank & Union Trust was one.

The Company established representative firms and correspondent relationships throughout the region, and—after other institutions moved on to other business—Wells Fargo stuck around. By 1981, Wells Fargo's Interamerican Bank was able to boast of a long and stable history of business in the hemisphere.

Presently, Wells Fargo has bustling foreign exchange and international operations that span geographies and commodities. Wells Fargo has had correspondent international offices since the first day of business in 1852—because a wider field of business is a wider field of opportunity.

Comments

I have visited your site 599-times

Post a comment

By posting content on this Blog, you expressly grant Wells Fargo (and its affiliates) the right to use or distribute the posted content in any form, worldwide, and in perpetuity. You also agree to indemnify and hold Wells Fargo harmless against all liabilities, losses, claims and expenses arising from your posting of materials on this Blog (this includes any claim that Wells Fargo's use of the content or images infringes on someone else's intellectual property rights). Comments published on this Blog do not necessarily reflect the views of nor are they endorsed by Wells Fargo. We reserve the right not to publish comments that violate our Comment Guidelines. NOTE: If you'd like a response to your comment, please use this form.




 Linking to non-Wells Fargo websites

Back to the Blog
When you click on a link marked with this icon, , you are leaving wellsfargo.com and entering a website that Wells Fargo does not control. Wells Fargo has provided these links for your convenience but does not endorse and is not responsible for the content, links, privacy policy, security policy, and information collection practices of non-Wells Fargo websites. We cannot guarantee how these third parties use web cookies or whether they place on your computer cookies that may identify you personally. We urge you to review the privacy policies of each of the linked websites you visit-before you provide them with any personally identifiable information. Click here to learn how to protect your personal information while using the internet.



wellsfargo.com | About Guided by History | Privacy Policy | Feedback | Blog Home | Blog Index

© 2006-07 Wells Fargo. All rights reserved. Member FDIC.

About This Blog

Our great history allows our archivists and historians to provide a rich online experience that bridges events in the past with an outlook on the future.
Read more...

  What is this?

Powered by
Movable Type 3.2

Online Banking Report's Best of the web award