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World Safe for Capitalism

Cyrus Veeser
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      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.
      Format: CONTRIBUTORS: Cyrus Veeser EAN: 9780231235877 COUNTRY: United States PAGES: WEIGHT: 0 g HEIGHT: 0 cm
      PUBLISHED BY: Columbia University Press DATE PUBLISHED: 2007-05-11 CITY: GENRE: HISTORY / United States / 20th Century, HISTORY / Modern / 20th Century, HISTORY / Americas (North, Central, South, West Indies), POLITICAL SCIENCE / International Relations / Diplomacy WIDTH: 0 cm SPINE:

      Book Themes:

      United States of America, USA, Dominican Republic, 20th century, c 1900 to c 1999, Diplomacy, International economics, Political economy, History: specific events and topics

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      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.
      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.
      Format: CONTRIBUTORS: Cyrus Veeser EAN: 9780231235877 COUNTRY: United States PAGES: WEIGHT: 0 g HEIGHT: 0 cm
      PUBLISHED BY: Columbia University Press DATE PUBLISHED: 2007-05-11 CITY: GENRE: HISTORY / United States / 20th Century, HISTORY / Modern / 20th Century, HISTORY / Americas (North, Central, South, West Indies), POLITICAL SCIENCE / International Relations / Diplomacy WIDTH: 0 cm SPINE:

      Book Themes:

      United States of America, USA, Dominican Republic, 20th century, c 1900 to c 1999, Diplomacy, International economics, Political economy, History: specific events and topics

      Customer Reviews

      Be the first to write a review
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      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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