World Safe for Capitalism Dollar Diplomacy and America's Rise to Global Power
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Description: This award-winning book provides a unique window on how America began to intervene in world affairs. In exploring what might be called the prehistory of Dollar Diplomacy, Cyrus Veeser brings together developments in New York, Washington, Santo Domingo, Brussels, and London. Theodore Roosevelt plays a leading role in the story as do State Department officials, Caribbean rulers, Democratic party leaders, bankers, economists, international lawyers, sugar planters, and European bondholders, among others. The book recounts a little-known incident: the takeover by the Santo Domingo Improvement Company (SDIC) of the foreign debt, national railroad, and national bank of the Dominican Republic. The inevitable conflict between private interest and public policy led President Roosevelt to launch a sweeping new policy that became known as the Roosevelt corollary to the Monroe Doctrine. The corollary gave the U. S. the right to intervene anywhere in Latin American that "wrongdoing or impotence" (in T. R.'s words) threatened "civilized society." The "wrongdoer" in this case was the SDIC. Imposing government control over corporations was launched and became a hallmark of domestic policy. By proposing an economic remedy to a political problem, the book anticipates policies embodied in the Marshall Plan, the International Monetary Fund, and the World Bank.
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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $30.00
Copyright year: 2007
Publisher: Columbia University Press
Publication date: 5/11/2007
Size: 6.00" wide x 9.00" long x 0.75" tall
Vanda Juknaite is a Lithuanian writer.Laima Sruoginis is an assistant professor of English at the University of Southern Maine.Cyrus Veeser is associate professor of history at Bentley College. He won the Bancroft Dissertation Prize for the work on which this volume is based.
|The Irony of a Century|
|Setting the Course, 1900--1930|
|Promises of More, 1930--1960|
|Coping with Abundance|
|A New Consumerism, 1960--1980|
|Markets Triumphant, 1980--2000|
|An Ambiguous Legacy|