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Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900-1930 Hardcover – November 1, 1999
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Dollar diplomacy's architects saw it as a progressive alternative to colonialism. It would, in Taft's words, substitute 'dollars for bullets' in promoting peace and prosperity. Rosenberg shows that it was not only a technical exercise in economics, but also a cultural venture, shaped by faith in expertise and rational policy-making...Rosenberg deals clearly with the sources of opposition to dollar diplomacy in the countries it affected, but pays as much attention to the protests it constantly provoked in the US itself. (Christopher Clark Times Literary Supplement)
Rosenberg is excellent in tracing the relationships among the financial advisers, the American banks, and the U.S. State Department Her work is a splendid archive-based, well-footnoted study of U.S. economic diplomacy. It is a real achievement and highly recommended. It has no equal in its nuanced and excellent discussion of U.S. financial advisers, their links with the U.S. State Department, their relationships with the banking community and the public that invested in bonds, and their importance in encouraging international lending by reducing uncertainties. (Mira Wilkins Enterprise and Society)
The history of dollar diplomacy between 1900 and 1930 reveals as much about the role of culture, the exercise of power, and masculine identity in foreign affairs as it does about the pursuit of economic interests Rosenberg's remarkable book removes the illusion of impartiality that has too often been central to the history of those financial experts who were employed as dollar diplomats. In so doing, she has solidified her position as a leading scholar of culture and gender in international history. (William O. Walker III American Historical Review)
Financial Missionaries to the World is an example of what might be called the new diplomatic history--grounded in multi-archival research and cognizant of recent developments in cultural studies. Ms. Rosenberg examines the diplomatic practice of financial strong-arming through U.S. coordination of private-bank loans to developing economies. Her book is filled not only with the murmuring of diplomats, but with the holler of pop culture as well. (Jeff Sharlet Chronicle of Higher Education)
Those uncertain about the International Monetary Fund's current approaches to promoting stable exchange rate will find instructive similarities in this volume about UIS policies in this century's first three decades. (E. L. Whalen Choice)
About the Author
Emily S. Rosenberg is Professor of History at University of California, Irvine.
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