Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900–1930 / Edition 1

Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900–1930 / Edition 1

by Emily S. Rosenberg
     
 

ISBN-10: 0822332191

ISBN-13: 9780822332190

Pub. Date: 01/02/2004

Publisher: Duke University Press Books

Winner of the Society for Historians of American Foreign Relations Robert H. Ferrell Book Prize

Financial Missionaries to the World establishes the broad scope and significance of "dollar diplomacy"—the use of international lending and advising—to early-twentieth-century U.S. foreign policy. Combining diplomatic, economic, and

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Overview

Winner of the Society for Historians of American Foreign Relations Robert H. Ferrell Book Prize

Financial Missionaries to the World establishes the broad scope and significance of "dollar diplomacy"—the use of international lending and advising—to early-twentieth-century U.S. foreign policy. Combining diplomatic, economic, and cultural history, the distinguished historian Emily S. Rosenberg shows how private bank loans were extended to leverage the acceptance of American financial advisers by foreign governments. In an analysis striking in its relevance to contemporary debates over international loans, she reveals how a practice initially justified as a progressive means to extend “civilization” by promoting economic stability and progress became embroiled in controversy. Vocal critics at home and abroad charged that American loans and financial oversight constituted a new imperialism that fostered exploitation of less powerful nations. By the mid-1920s, Rosenberg explains, even early supporters of dollar diplomacy worried that by facilitating excessive borrowing, the practice might induce the very instability and default that it supposedly worked against.

"[A] major and superb contribution to the history of U.S. foreign relations. . . . [Emily S. Rosenberg] has opened up a whole new research field in international history."—Anders Stephanson, Journal of American History

"[A] landmark in the historiography of American foreign relations."—Melvyn P. Leffler, author of A Preponderence of Power: National Security, the Truman Administration, and the Cold War

"Fascinating."—Christopher Clark, Times Literary Supplement

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Product Details

ISBN-13:
9780822332190
Publisher:
Duke University Press Books
Publication date:
01/02/2004
Series:
American Encounters/Global Interactions
Edition description:
New Edition
Pages:
352
Product dimensions:
6.00(w) x 9.00(h) x (d)

Table of Contents

Introduction1
1Gold-Standard Visions: International Currency Reformers, 1898-19054
2The Roosevelt Corollary and the Dominican Model of 190531
3The Changing Forms of Controlled Loans under Taft and Wilson61
4Private Money, Public Policy, 1921-192397
5Opposition to Financial Imperialism, 1919-1926122
6Stabilization Programs and Financial Missions in New Guises, 1924-1928151
7Faith in Professionalism, Fascination with Primitivism187
8Dollar Diplomacy in Decline, 1927-1930219
Abbreviations263
Notes265
Index327

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