A World Safe for Capitalism

Dollar Diplomacy and America's Rise to Global Power

Nonfiction, Social & Cultural Studies, Political Science, International, International Relations, History, Americas, United States, 20th Century
Cover of the book A World Safe for Capitalism by Cyrus Veeser, Columbia University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Cyrus Veeser ISBN: 9780231500944
Publisher: Columbia University Press Publication: August 14, 2002
Imprint: Columbia University Press Language: English
Author: Cyrus Veeser
ISBN: 9780231500944
Publisher: Columbia University Press
Publication: August 14, 2002
Imprint: Columbia University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Columbia University Press

Cover of the book The Columbia Guide to the Vietnam War by Cyrus Veeser
Cover of the book Building a Meal by Cyrus Veeser
Cover of the book The Cinema of Richard Linklater by Cyrus Veeser
Cover of the book The Untold Journey by Cyrus Veeser
Cover of the book Parental Monitoring of Adolescents by Cyrus Veeser
Cover of the book Saracens by Cyrus Veeser
Cover of the book Religion, the Enlightenment, and the New Global Order by Cyrus Veeser
Cover of the book The Liberal State on Trial by Cyrus Veeser
Cover of the book Venture Investing in Science by Cyrus Veeser
Cover of the book Violence and Civility by Cyrus Veeser
Cover of the book Memories of Mount Qilai by Cyrus Veeser
Cover of the book Bargaining with the State from Afar by Cyrus Veeser
Cover of the book Globalized Arts by Cyrus Veeser
Cover of the book Championing Child Care by Cyrus Veeser
Cover of the book Big Money Thinks Small by Cyrus Veeser
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy