Intervention and Dollar Diplomacy in the Caribbean, 1900-1921

Intervention and Dollar Diplomacy in the Caribbean, 1900-1921
Author: Dana Gardner Munro
Publisher: Princeton University Press
Total Pages: 566
Release: 2015-12-08
Genre: History
ISBN: 1400877857

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.

Revolution and Intervention

Revolution and Intervention
Author: P. Edward Haley
Publisher: Cambridge : M.I.T. Press
Total Pages: 322
Release: 1970
Genre: Biography & Autobiography
ISBN: 9780262080392

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.

Financial Missionaries to the World

Financial Missionaries to the World
Author: Emily S. Rosenberg
Publisher: Duke University Press
Total Pages: 349
Release: 2004-01-02
Genre: Business & Economics
ISBN: 0822385236

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

William Howard Taft

William Howard Taft
Author: David Henry Burton
Publisher: St. Joseph's University Press
Total Pages: 0
Release: 2004
Genre: United States
ISBN: 9780916101503

All this is spelled out in William Howard Taft: Confident Peacemaker, a landmark study, relying on historical analysis and supplemented by critical documentation."--BOOK JACKET.

Hard Line

Hard Line
Author: Colin Dueck
Publisher: Princeton University Press
Total Pages: 396
Release: 2010-09-05
Genre: History
ISBN: 0691141827

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.

Spreading the American Dream

Spreading the American Dream
Author: Emily Rosenberg
Publisher: Hill and Wang
Total Pages: 274
Release: 2011-04-01
Genre: History
ISBN: 1429952253

In examining the economic and cultural trs that expressed America's expansionist impulse during the first half of the twentieth century, Emily S. Rosenberg shows how U.S. foreign relations evolved from a largely private system to an increasingly public one and how, soon, the American dream became global.

Economic Sanctions as an Instrument of U.S. Foreign Policy

Economic Sanctions as an Instrument of U.S. Foreign Policy
Author: Helen Osieja
Publisher: Universal-Publishers
Total Pages: 132
Release: 2006
Genre: Law
ISBN: 1581123140

Economic sanctions have been used as an instrument of American foreign policy ever since the Taft administration adopted the Dollar Diplomacy. This dissertation analyzes the trade Embargo the United States imposed upon Cuba after the Revolution from different perspectives: from the political, considering the main guidelines of American foreign policy toward Latin America, especially during the Cold War, and from the juridical, considering different perspectives of customary international law. Since the embargo was imposed only after American property had been expropriated without compensation, the dissertation analyzes the legality of expropriation, seen from the perspective of both capital-importing and capital-exporting countries, and the legality of economic sanctions as a legitimate peaceful reprisal. Due to the fact that the American embargo against Cuba is quasi-total, that is, consists of a number of different economic sanctions, it is the aim of this dissertation to analyze each of these, and finally, to assess the effectiveness of economic sanctions as an instrument of foreign policy. Many books and articles have been written about this very controversial embargo, almost as old as the Cuban Revolution itself. For the Cubans, it constitutes and "economic blockade", and a violation of Cuba's right to free trade; for the Americans, it is a reprisal for the confiscation of American property. Nonetheless, since the embargo, as stated above, is not a sanction itself but a number of different economic sanctions, it is the aim of this dissertation to analyze each of the sanctions that comprise the embargo and its legality, according to customary international law. Another aim of this dissertation is to prove why the American embargo against Cuba has only enhanced Castro's power and further centralized it. A brief chapter about the economic sanctions the United States imposed upon Chile under President Salvador Allende and the fall of his regime serves to compare the two cases with some similarities where sanctions were applied- in the first without success and in the second with success. Finally, the dissertation aims to prove that a lifting of the American embargo against Cuba is highly unlikely unless there is a change of regime in that nation of the Caribbean.

Bankers and Empire

Bankers and Empire
Author: Peter James Hudson
Publisher: University of Chicago Press
Total Pages: 370
Release: 2017-04-27
Genre: Social Science
ISBN: 022645925X

From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of international expansion in the Caribbean. A host of financial entities sought to control banking, trade, and finance in the region. In the process, they not only trampled local sovereignty, grappled with domestic banking regulation, and backed US imperialism—but they also set the model for bad behavior by banks, visible still today. In Bankers and Empire, Peter James Hudson tells the provocative story of this period, taking a close look at both the institutions and individuals who defined this era of American capitalism in the West Indies. Whether in Wall Street minstrel shows or in dubious practices across the Caribbean, the behavior of the banks was deeply conditioned by bankers’ racial views and prejudices. Drawing deeply on a broad range of sources, Hudson reveals that the banks’ experimental practices and projects in the Caribbean often led to embarrassing failure, and, eventually, literal erasure from the archives.