A World Safe for Capitalism: Dollar Diplomacy and America's Rise to Global Power

Kobo ebook | January 22, 2005

byCyrus Veeser

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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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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 dis...

Cyrus Veeser is associate professor of history at Bentley College. He won the Bancroft Dissertation Prize for the work on which this volume is based. Cyrus Veeser, an assistant professor of history at Bentley College, won the Bancroft Dissertation Prize for the work on which this volume is based. He lives in Arlington, Massachusetts....

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Format:Kobo ebookPublished:January 22, 2005Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0231500947

ISBN - 13:9780231500944

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Table of Contents

Introduction Economic Interests and U.S. Expansion, 1892--1907
Chapter One The Gilded Age Goes Abroad: The San Domingo Improvement Company and the Political Economy of the 1890s
Chapter Two Remapping the Caribbean: U.S. Caribbean Interests and the Mission of the SDIC
Chapter Three Peasants in the World Economy: The Dominican Republic in the late 1800s
Chapter Four Dictating Development: Ulises Heureaux and the SDIC Remake the Dominican Republic
Chapter Five The Cash Nexus: Economic Crisis and the Collapse
Chapter Six Old Wine in New Skins: The U.S. Government Champions the SDIC, 1899--1904
Chapter Seven A Reign of Law Among Nations: John Bassett Moore and the Vindication of the SDIC, 1904
Chapter Eight A World Safe for Capitalism: Stabilizing the Dominican Republic, 1901--1905
Chapter Nine From The Gilded Age to Dollar Diplomacy: The SDIC and the Roosevelt Corollary, 1904--1907
Conclusion

Editorial Reviews

The book is an interesting and intricate account of how Dollar Diplomacy worked in practice and how, over time, it went terribly wrong.