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.
"[A] major and superb contribution to the history of U.S. foreign relations. . . . [Emily S. Rosenberg] has opened up a whole new research field in international history."—Anders Stephanson, Journal of American History
"[A] landmark in the historiography of American foreign relations."—Melvyn P. Leffler, author of A Preponderence of Power: National Security, the Truman Administration, and the Cold War
"Fascinating."—Christopher Clark, Times Literary Supplement
Recently, a volatile global economy has challenged the United States to rethink its financial policies toward economically troubled countries. Emily Rosenberg suggests that perplexing questions about how to standardize practices within the global financial system, and thereby strengthen market economies in unstable areas of the world, go back to the early decades of this century. Then, dollar diplomacy--the practice of extending private U.S. bank loans in exchange for financial supervision over other nations--provided America's major approach to stabilizing economies overseas and expanding its influence.
Policymakers, private bankers, and the members of the emerging profession of international economic advising cooperated in devising arrangements by which U.S. banks would extend foreign loans on the condition that the countries hire U.S. experts to revamp financial systems and exercise some supervision. Rosenberg demonstrates that these arrangements were not simply technical and shows how they became central to foreign policy debates during the 1920s, when increasingly vocal critics at home and abroad assailed dollar diplomacy as a new imperialism. She explores how loan-for-supervision arrangements interrelated with broad cultural notions of racial destiny, professional expertise, and the virtues of manliness. An innovative, interdisciplinary study, Financial Missionaries to the World illuminates the dilemmas of public/private cooperation in foreign economic policy and the incalculable consequences of exercising financial power in the global marketplace.
Sharing enemies like the party boss and corporate lobbyist who undermined honest and responsive government, Progressive leaders were determined to root out selfish political action with public exposure. Labor unions defied bosses and rallied for government protection of workers. Women's clubs appealed to other women as mothers, calling for social welfare, economic justice, and government responsiveness. Protestant church congregations formed a core of support for moral reform. Labor relations experts struggled to prevent the outbreak of violence through mediation between corporate employers and organized labor. Persevering through World War I, Colorado reformers faced their greatest challenge in the 1920s, when leaders of the Ku Klux Klan drew upon the rhetoric of Protestant Progressives and manipulated reform tools to strengthen their own political machine. Once in power, Klan legislators turned on Progressive leaders in the state government.
A story of promising alliances never fully realized, zealous crusaders who resisted compromise, and reforms with unexpected consequences, The Gospel of Progressivism will appeal to those interested in Progressive Era reform, Colorado history, labor relations, and women's activism.
Sex can be an oppressive force, a tool to shame, divide, and control a population. But it can also be a force for change, for the legal and physical challenge of inequity and injustice. In West of Sex, Pablo Mitchell uses court transcripts and criminal cases to provide the first coherent picture of Mexican-American sexuality at the turn of the twentieth century, and a truly revelatory look at sexual identity in the borderlands.
As Mexicans faced a rising tide of racial intolerance in the American West, some found cracks in the legal system that enabled them to assert their rights as full citizens, despite institutional hostility. In these chapters, Mitchell offers a rare glimpse into the inner workings of ethnicity and power in the United States, placing ordinary Mexican women and men at the center of the story of American sex, colonialism, and belonging.
Other chapters discuss topics like prostitution, same-sex intimacy, sexual violence, interracial romance, and marriage with an impressive level of detail and complexity. Written in vivid and accessible prose, West of Sex offers readers a new vision of sex and race in American history.
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