Download or read book Dollar Diplomacy by Force written by Ellen D. Tillman and published by UNC Press Books. This book was released on 2016-02-11 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early twentieth century, the United States set out to guarantee economic and political stability in the Caribbean without intrusive and controversial military interventions—and ended up achieving exactly the opposite. Using military and government records from the United States and the Dominican Republic, this work investigates the extent to which early twentieth-century U.S. involvement in the Dominican Republic fundamentally changed both Dominican history and the conduct of U.S. foreign policy. Successive U.S. interventions based on a policy of "dollar diplomacy" led to military occupation and contributed to a drastic shifting of the Dominican social order, as well as centralized state military power, which Rafael Trujillo leveraged in his 1920s rise to dictatorship. Ultimately, this book demonstrates that the overthrow of the social order resulted not from military planning but from the interplay between uncoordinated interventions in Dominican society and Dominican responses. Telling a neglected story of occupation and resistance, Ellen D. Tillman documents the troubled efforts of the U.S. government to break down the Dominican Republic and remake it from the ground up, providing fresh insight into the motivations and limitations of occupation.
Download or read book Intervention and Dollar Diplomacy in the Caribbean 1900 1921 written by Dana Gardner Munro and published by Princeton University Press. This book was released on 2015-12-08 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: The commonly held view that the interests of American business dominated U.S. foreign policy in the Caribbean during the early part of this century is challenged by Dana G. Munro, prominent scholar and former State Department official. He argues that the basic purpose of U.S. policy was to create in Latin America political and economic stability so that disorder and failure to meet foreign obligations there would not imperil the security of the United States. The U.S. government increasingly intervened in the internal affairs of the Central American and West Indian republics when it felt that their stability was threatened. This policy culminated in the military occupation of Haiti and the Dominican Republic and varying degrees of control in other countries. Originally published in 1964. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Download or read book Financial Missionaries to the World written by Emily S. Rosenberg and published by Duke University Press. This book was released on 2004-01-02 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book Dollar Diplomacy written by Scott Nearing and published by . This book was released on 1928 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A World Safe for Capitalism written by Cyrus Veeser and published by Columbia University Press. This book was released on 2002-08-14 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Sterling dollar Diplomacy written by Richard N. Gardner and published by . This book was released on 1969 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Gold Dollars and Power written by Francis J. Gavin and published by UNC Press Books. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Gavin demonstrates that Bretton Woods was in fact a highly politicized system that was prone to crisis and required constant intervention and controls to continue functioning. More important, postwar monetary relations were not a salve to political tensions, as is often contended.
Download or read book NSC 68 and the Political Economy of the Early Cold War written by Curt Cardwell and published by Cambridge University Press. This book was released on 2011-06-13 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: NSC 68 and the Political Economy of the Early Cold War re-examines the origins and implementation of NSC 68, the massive rearmament program that the United States embarked upon beginning in the summer of 1950. Curt Cardwell reinterprets the origins of NSC 68 to demonstrate that the aim of the program was less about containing communism than ensuring the survival of the nascent postwar global economy, upon which rested postwar US prosperity. The book challenges most studies on NSC 68 as a document of geostrategy and argues instead that it is more correctly understood as a document rooted in concerns for the US domestic political economy.
Download or read book The United States and Latin America written by Joseph Smith and published by Routledge. This book was released on 2005-02-25 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a concise, balanced and incisive analysis of US diplomatic relations with Latin America from 1776 to the end of the twentieth century, this timely work explores central themes such as the structure of international relations, and the pursuit of American national interest by the use of diplomacy, cultural imperialism and economic and military power. Joseph Smith examines: * the rise of the USA as an independent power * its policy towards Latin-American movements for independence * the evolution of the Monroe Doctrine * pan-Americanism * dollar diplomacy * the challenge of communism. Highlighting Latin American responses to US policy over a significant time span, the study documents the development of a complex historical relationship in which the United States has claimed a pre-eminent role, arousing as much resentment as acquiescence from its southern neighbours. Including a timely discussion of the current issues of debt, trade and narcotics control, this unique and valuable study will be of interest to all those with an interest in US and Latin American international relations.
Download or read book Revolution and Intervention written by P. Edward Haley and published by Cambridge : M.I.T. Press. This book was released on 1970 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: American response to foreign revolution is the theme of this carefully documented diplomatic history of the attitudes and policies of Presidents Taft and Wilson toward revolt in Mexico. Professor Haley's detailed examination is based on extensive research in the papers of members of both administrations and in State Department records. Part One of his book describes the setting of the Mexican conflict and investigates the Taft administration's response toward protecting American lives and property in Mexico (1910 to 1913). Part Two takes up the outbreak of revolutionary civil war and the Wilson administration's attempt to control the course of events (1913 to 1917). This study of the Mexican experience points up problems presented to the U.S. government by uprisings in any country where there are considerable American interests, and in an epilogue the author suggests ways in which the United States might fashion a new response to revolution abroad. The diplomacy of Taft and Wilson in fact reflected two Americas, "the one fleshy, corporate, and pragmatic, the other ascetic, religious, and idealistic." Economic expansion and the acquisition of foreign markets and investments called into being Taft's "Dollar Diplomacy," which was reflected in Mexico by his emphasis on nonintervention during a relatively tranquil period but tempered by his willingness to place order above reform when it came to protecting and stabilizing American interests there. On the other hand, the "New Diplomacy" of Woodrow Wilson reflected his desire to lead other nations to transcend traditional patterns of action and to conform to the American and British model of political development. When war broke out in Mexico, Wilson tried but failed to persuade the two sides to accept an armistice and a neutral provisional government until national elections could be held to establish a new constitutional government. The author seeks to explain the paradox of Wilson's diplomacy-his constant meddling with unrealistic proposals for mediation and his outright support of the Constitutionalist revolutionaries. These diplomacies, Professor Haley points out, offer lessons with contemporary applicability. The Mexican revolution is linked to other twentieth-century uprisings in several ways: in fierce regulation of private property and of foreign investment, and in emphasis on social welfare rather than on political freedom. Lack of anti-communist sentiment makes the experience particularly useful for those who are interested in determining the influence of communism on America's response to later revolutions. The author concludes that in responding to revolution, foreign governments must choose between intervention by overwhelming force at an early stage (Russia in Hungary and Czechoslovakia, America in the Dominican Republic), and the frustrating pursuit of influence through diplomacy with a smaller range of possibilities and lower priorities. Attempts like Wilson's to find a middle ground of limited intervention in a social revolution invite entanglement and failure. Meanwhile, he adds, Mexican diplomatic skill in exploiting the inconsistencies of Wilson's administration demonstrated a deep understanding of American politics and should provide a model that countries in Latin America would do well to look toward.
Download or read book Sterling dollar Diplomacy in Current Perspective written by Richard N. Gardner and published by New York : Columbia University Press. This book was released on 1969 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dollar Trap written by Eswar S. Prasad and published by Princeton University Press. This book was released on 2015-08-25 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
Download or read book Address of President Roosevelt at Chicago Illinois April 2 1903 written by Theodore Roosevelt and published by . This book was released on 1999-01-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Elibron Classics title is a reprint of the original edition published by the Government Printing Office in Washington, 1903.
Download or read book Currency Statecraft written by Benjamin J. Cohen and published by University of Chicago Press. This book was released on 2018-11-15 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: At any given time, a limited number of national currencies are used as instruments of international commerce, to settle foreign trade transactions or store value for investors and central banks. How countries whose currencies gain international appeal choose to use this status forms their strategy of currency statecraft. In different circumstances, issuing governments may welcome and promote the internationalization of their currency, tolerate it, or actively oppose it. Benjamin J. Cohen offers a provocative explanation of the strategic policy choices at play. In a comprehensive review that ranges from World War II to the present, Cohen convincingly argues that one goal stands out as the primary motivation for currency statecraft: the extent of a country’s geopolitical ambition, or how driven it is to build or sustain a prominent place in the international community. When a currency becomes internationalized, it generally increases the power of the nation that produces it. In the persistent contestation that characterizes global politics, that extra edge can matter greatly, making monetary rivalry an integral component of geopolitics. Today, the major example of monetary rivalry is the emerging confrontation between the US dollar and the Chinese renminbi. Cohen describes how China has vigorously promoted the international standing of its currency in recent years, even at the risk of exacerbating relations with the United States, and explains how the outcome could play a major role in shaping the broader geopolitical engagement between the two superpowers.
Download or read book Hard Line written by Colin Dueck and published by Princeton University Press. This book was released on 2010-09-05 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conservatives and liberals alike are currently debating the probable future of the Republican Party. What direction will conservatives and republicans take on foreign policy in the age of Obama? This book tackles this question.
Download or read book The Great Wall of Money written by Eric Helleiner and published by Cornell University Press. This book was released on 2014-09-08 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: As an economic superpower, China has become an increasingly important player in the international monetary system. Its foreign exchange reserves are the largest in the world and its exchange rate policy has become a major subject of international economic diplomacy. The internationalization of the renminbi (RMB) raises critical questions in international policy circles: What kinds of power is China acquiring in international monetary relations? What are the priorities of the Chinese government? What explains its preferences? In The Great Wall of Money, a distinguished group of contributors addresses these questions from distinct perspectives, revealing the extent to which China’s choices, and global monetary affairs, will be shaped by internal political factors and affect world politics. The RMB is a likely competitor for the dollar in the next couple of decades; its emergence as an important international currency would have substantial effects on the balance of power between the United States and China. By illuminating the politics of China’s international monetary relations, this book provides a timely account of the global economy, the role of the renminbi in international relations, and the trajectory of China’s continuing ascendency in the coming decades.
Download or read book The Future of Global Currency written by Benjamin J. Cohen and published by Routledge. This book was released on 2012-11-12 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar’s shadow. The essays collected in this volume explain why. Because of America’s external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe’s money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users. As recent events have demonstrated, members of the euro zone remain vulnerable to financial crisis. Moreover, lacking a single voice, the bloc continues to punch below its weight in monetary diplomacy. The world seems headed toward a leaderless monetary order, with several currencies in contention but none clearly dominant. This collection distils the views of one of the world’s leading scholars in global currency, and will be of considerable interest to students and scholars of international finance and international political economy.
