By Cyrus Veeser
An international secure for Capitalism unravels a little-known incident: a Wall road corporation's takeover of the international debt, nationwide railroad, and nationwide financial institution of the Dominican Republic within the Nineties. operating with the republic's tyrannical president, the yank enterprise attempted to show self-sufficient peasants into cash-crop farmers, with disastrous effects. via 1904, the company's slim pursuit of revenue clashed with Theodore Roosevelt's aim of creating the U.S. an exceptional energy, therefore triggering a sweeping new policy-the Roosevelt Corollary to the Monroe Doctrine. Praised through Diplomatic background as "a version of globe-trotting multiarchival research," this interesting background covers occasions in big apple, Washington, Santo Domingo, Brussels, and London.
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Additional info for A world safe for capitalism: dollar diplomacy and America's rise to global power
The present President, General Ulysses Heureaux,” Holls wrote, a coal black negro, is one of the most remarkable men I have ever met. He . . made himself President by a series of atrocious massacres and revolutions but for six years he has governed the country not only with an iron hand but also with a very enlightened purpose, and with great wisdom. He has never seen European civilization except as it exists in Jamaica and Nassau but he is well educated, and speaks English very well. ”12 Simply to encounter a black man in a position of both real and symbolic authority The San Domingo Improvement Company 13 must have disoriented the Americans.
S. sources with Dominican documents. S. gunboats arrived in Santo Domingo, Dominicans actively steered the course of events despite their manifest political, financial, economic, and military weakness. The Dominican sources for this study proved to be plentiful and articulate. The Archivo General de la Nacio´n in Santo Domingo holds some forty large copybooks containing the outgoing correspondence of Ulises Heureaux for the entire period of the SDIC’s tenure in the republic. In more than 100 long, substantive, detailed letters to the Improvement Company, Heureaux reveals the complex power relations and financial operations of the period.
Instead, he championed a rationalized, Progressive rehabilitation of the Caribbean nation consistent with the new status of the United States as a great naval and industrial power. S. Caribbean Interests and the Mission of the SDIC The American people, and their government, want not so much territories to rule, as markets open to their agricultural and manufactured goods. . We admit that, for a long time, our republic has bowed to this law of commercial domination. . Yet, for better or worse, our commercial dependency on the United States has been the inoculation that makes us immune to more complete subjugation to American imperialism.
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