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A World Safe For Capitalism: Dollar Diplomacy and America's Rise To Global Power

Veeser, Cyrus

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ISBN 10: 0231235879 / ISBN 13: 9780231235877
Published by Columbia Univ Pr, New York, NY, 2007
Used Condition: Very Good Soft cover
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The books text appears to be clean. Minor shelf and corner wear to the books cover and corners. Binding is still in good condition. Scuffing and rubbing to the books cover and corners. Stickers on the books spine and back cover. Quantity Available: 3. Category: Economics; Education. ISBN: 0231235879. ISBN/EAN: 9780231235877. Pictures of this item not already displayed here available upon request. Inventory No: ABE313472416. Bookseller Inventory # ABE313472416

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Bibliographic Details

Title: A World Safe For Capitalism: Dollar ...

Publisher: Columbia Univ Pr, New York, NY

Publication Date: 2007

Binding: Softcover

Book Condition:Very Good

About this title


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.

Book Description:

A World Safe for Capitalism unravels a little-known incident: a Wall Street corporation's takeover of the foreign debt, national railroad, and national bank of the Dominican Republic in the 1890s. Working with the republic's tyrannical president, the American firm tried to turn self-sufficient peasants into cash-crop farmers, with disastrous results. By 1904, the company's narrow pursuit of profit clashed with Theodore Roosevelt's goal of making the United States a great power, thus triggering a sweeping new policy-the Roosevelt Corollary to the Monroe Doctrine. Praised by Diplomatic History as "a model of globe-trotting multiarchival research," this exciting history covers events in New York, Washington, Santo Domingo, Brussels, and London.

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