Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900-1930

Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900-1930

Rosenberg, Emily S.

Paperback

Series: American Encounters/Global Interactions

Economics

ISBN10: 0822332191
ISBN13: 9780822332190
Publisher: Duke Univ Pr
Published: Jan 2 2004
Pages: 352
Weight: 1.02
Height: 0.74 Width: 6.10 Depth: 8.98
Language: English

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.

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