Debtor Diplomacy: Finance and American Foreign Relations in the Civil War Era 1837-1873 (Oxford Historical Monographs)

The United States was a debtor nation in the mid-nineteenth century, with half of its national debt held overseas. Lacking the resources to develop the nation and to fund the wars necessary to expand and then preserve it, the United States looked across the Atlantic for investment capital. The need to obtain foreign capital greatly influenced American foreign policy, principally relations with Britain. The intersection of finance and diplomacy was particularly evident during the Civil War when both the North and South integrated attempts to procure loans from European banks into their larger international strategies. Furthermore, the financial needs of the United States (and the Confederacy) imparted significant political power to an elite group of London-based financiers who became intimately involved in American foreign relations during this period. This study explores and assesses how the United State's need for capital influenced its foreign relations in the tumultuous years wedged between the two great financial crises of the nineteenth century, 1837 to 1873. Drawing on the unused archives of London banks and the papers of statesmen on both sides of the Atlantic, this work illuminates our understanding of mid-nineteenth-century American foreign relations by highlighting how financial considerations influenced the formation of foreign policy and functioned as a peace factor in Anglo-American relations. This study also analyzes a crucial, but ignored, dimension of the Civil War - the efforts of both the North and the South to attract the support of European financiers. Though foreign contributions to each side failed to match the hopes of Union and Confederate leaders, the financial diplomacy of the Civil War shaped the larger foreign policy strategies of both sides and contributed to both the preservation of British neutrality and the ultimate defeat of the Confederacy.

History

Sexton, Jay

Americas

Clarendon Press

Business & Money

Economics

The Monroe Doctrine: Empire and Nation in Nineteenth-Century America

A Concise History of the (In)Famous Doctrine that Gave Rise to the American Empire
President James Monroe's 1823 message to Congress declaring opposition to European colonization in the Western Hemisphere became the cornerstone of nineteenth-century American statecraft. Monroe's message proclaimed anticolonial principles, yet it rapidly became the myth and means for subsequent generations of politicians to pursue expansionist foreign policies. Time and again, debates on the key issues of nineteenth- and early-twentieth-century foreign relations―expansion in the 1840s, Civil War diplomacy, the imperialism of 1898, entrance into World War I, and the establishment of the League of Nations―were framed in relation to the Monroe Doctrine. 
Covering more than a century of history, this engaging book explores the varying conceptions of the doctrine as its meaning evolved in relation to the needs of an expanding American empire. In Jay Sexton's adroit hands, the Monroe Doctrine provides a new lens from which to view the paradox at the center of American diplomatic history: the nation's interdependent traditions of anticolonialism and imperialism.

Hill and Wang

President James Monroe’s 1823 message to Congress declaring opposition to European colonization in the Western Hemisphere became the cornerstone of nineteenth-century American statecraft. Monroe’s message proclaimed anticolonial principles, yet it rapidly became the myth and means for subsequent generations of politicians to pursue expansionist foreign policies. Time and again, debates on the key issues of nineteenth- and early-twentieth-century foreign relations—expansion in the 1840s, Civil War diplomacy, the imperialism of 1898, entrance into World War I, and the establishment of the League of Nations—were framed in relation to the Monroe Doctrine. Covering more than a century of history, this engaging book explores the varying conceptions of the doctrine as its meaning evolved in relation to the needs of an expanding American empire. In Jay Sexton’s adroit hands, the Monroe Doctrine provides a new lens from which to view the paradox at the center of American diplomatic history: the nation’s interdependent traditions of anticolonialism and imperialism.

A concise new history of the United States revealing that crises--not unlike those of the present day--have determined our nation's course from the startIn A Nation Forged by Crisis, historian Jay Sexton contends that our national narrative is not one of halting yet inevitable progress, but of repeated disruptions brought about by shifts in the international system. Sexton shows that the American Revolution was a consequence of the increasing integration of the British and American economies; that a necessary precondition for the Civil War was the absence, for the first time in decades, of foreign threats; and that we cannot understand the New Deal without examining the role of European immigrants and their offspring in transforming the Democratic Party. A necessary corrective to conventional narratives of American history, A Nation Forged by Crisis argues that we can only prepare for our unpredictable future by first acknowledging the contingencies of our collective past.

A Nation Forged by Crisis: A New American History

Basic Books

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Books by Sexton, Jay

See the best price to sell, buy, or rent books by Sexton, Jay. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Debtor Diplomacy: Finance and American Foreign Relations in the Civil War Era 1837-1873 (Oxford Historical Monographs)

Debtor Diplomacy: Finance and American Foreign Relations in the Civil War Era 1837-1873 (Oxford Historical Monographs)

The Monroe Doctrine: Empire and Nation in Nineteenth-Century America

The Monroe Doctrine: Empire and Nation in Nineteenth-Century America

A Nation Forged by Crisis: A New American History