Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900–1930 (American Encounters/Global Interactions)

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9780822332190: Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900–1930 (American Encounters/Global Interactions)
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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

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About the Author:

Emily S. Rosenberg is DeWitt Wallace Professor of History at Macalester College. She is the author of A Date Which Will Live: Pearl Harbor in American Memory (also published by Duke University Press) and Spreading the American Dream: American Economic and Cultural Expansion, 1890–1945. She is coauthor of In Our Times: America since World War II and Liberty, Equality, Power: A History of the American People.

Review:

"This is an impressive scholarly work that will appeal to many interested in economic and political diplomacy with a cultural dimension."
--Alan P. Dobson, "Journal of American Studies"

"[E]ssential reading for economic historians. . . . Emily Rosenberg's book . . . deserves a wide readership for how it traces contemporary global economic policy to its roots in dollar diplomacy."
--Richard H. Robbins," Journal of World History"

"In an analysis that is relevant to contemporary debates over international loans, she reveals how a practice initially justified as a progressive means to extend 'civilization' by promoting economic progress became embroiled in controversy."
--Macalester Today

"[F]or readers of the "Journal of Interdisciplinary History," the book's most interesting features are probably its uses of cultural analysis to enhance our understanding of policy history. . . . The volume can still be seen as timely."
--Ellis W. Hawley, "Journal of Interdisciplinary History"

"Rosenberg's book is well-written and accessible to advanced undergraduate students. The book is well suited for supplementary reading in courses dealing with American economic and diplomatic history and it can serve as an excellent example of the "new" postmodern diplomatic history in courses emphasizing historiography."
--Jerald Combs, "The History Teacher"

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Book Description Duke University Press, United States, 2004. Paperback. Condition: New. Language: English . Brand New Book. Winner of the Society for Historians of American Foreign Relations Robert H. Ferrell Book PrizeFinancial 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. Seller Inventory # AAJ9780822332190

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Book Description Duke University Press, United States, 2004. Paperback. Condition: New. Language: English . Brand New Book. Winner of the Society for Historians of American Foreign Relations Robert H. Ferrell Book PrizeFinancial 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. Seller Inventory # AAJ9780822332190

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