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Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900–1930
Duke University Press, 2003 Paper: 978-0-8223-3219-0 | eISBN: 978-0-8223-8523-3 Library of Congress Classification HF1455.R615 2003 Dewey Decimal Classification 337.73009041
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK
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] 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 See other books on: Economics & Trade | Foreign economic relations | International finance | Joseph, Gilbert M. | Rosenberg, Emily S. See other titles from Duke University Press |
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Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900–1930
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | TOC | REQUEST ACCESSIBLE FILE
Duke University Press, 2003
Paper: 978-0-8223-3219-0
eISBN: 978-0-8223-8523-3
Paper: 978-0-8223-3219-0
eISBN: 978-0-8223-8523-3
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
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | TOC | REQUEST ACCESSIBLE FILE
