Author: Jay Sexton
Publisher: Clarendon Press
ISBN: 0199281033
Category : Business & Economics
Languages : en
Pages : 298

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Book Description
An examination of foreign capital's role in the American Civil War.

Author: Michael Tomz
Publisher: Princeton University Press
ISBN: 0691134693
Category : Business & Economics
Languages : en
Pages : 324

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Author: Eric Rauchway
Publisher: Macmillan
ISBN: 9780809030477
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
Nineteenth-century globalization made America exceptional. On the back of European money and immigration, America became an empire with considerable skill at conquest but little experience administering other people's, or its own, affairs, which it preferred to leave to the energies of private enterprise. The nation's resulting state institutions and traditions left America immune to the trends of national development and ever after unable to persuade other peoples to follow its example. In this concise, argumentative book, Eric Rauchway traces how, from the mid-1800s to the early 1900s, the world allowed the United States to become unique and the consequent dangers we face to this very day.

Author: Jay Sexton
Publisher: Basic Books
ISBN: 1541617223
Category : History
Languages : en
Pages : 237

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Book Description
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 start In 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.

Author: David K. Thomson
Publisher: UNC Press Books
ISBN: 1469666626
Category : History
Languages : en
Pages : 289

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Book Description
How does one package and sell confidence in the stability of a nation riven by civil strife? This was the question that loomed before the Philadelphia financial house of Jay Cooke & Company,&8239;entrusted&8239;by the US government with an unprecedented sale of bonds to finance the Union war effort in the early days of the American Civil War.&8239;How the government and its agents marketed these bonds revealed a version of the war the public was willing to buy and buy into, based not just in the full faith and credit of the United States but also in the success of its armies and its long-term vision for open markets. From Maine to California, and in foreign halls of power and economic influence,&8239;thousands of agents were deployed to&8239;sell&8239;a clear message: Union victory was unleashing the American economy itself. This fascinating work of&8239;financial and political history&8239;during&8239;the Civil War&8239;era&8239;shows&8239;how the marketing and sale of bonds crossed the Atlantic to Europe and beyond, helping ensure foreign countries' vested interest in the Union's success. Indeed, David K. Thomson demonstrates how Europe, and ultimately all corners of the globe, grew deeply interdependent on American finance during, and in the immediate aftermath of, the American Civil War.&8239;

Author: Jerome E. Roos
Publisher: Princeton University Press
ISBN: 0691184933
Category : Business & Economics
Languages : en
Pages : 413

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Book Description
How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.

Author: Pierre Penet
Publisher: Oxford University Press
ISBN: 0198866356
Category : Business & Economics
Languages : en
Pages : 371

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Book Description
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Sovereign Debt Diplomacies aims to revisit the meaning of sovereign debt in relation to colonial history and postcolonial developments. It offers three main contributions. The first contribution is historical. The volume historicises a research field that has so far focused primarily on the post-1980 years. A focus on colonial debt from the 19th century building of colonial empires to the decolonisation era in the 1960s-70s fills an important gap in recent debt historiographies. Economic historians have engaged with colonialism only reluctantly or en passant, giving credence to the idea that colonialism is not a development that deserves to be treated on its own. This has led to suboptimal developments in recent scholarship. The second contribution adds a 'law and society' dimension to studies of debt. The analytical payoff of the exercise is to capture the current developments and functional limits of debt contracting and adjudication in relation to the long-term political and sociological dynamics of sovereignty. Finally, Sovereign Debt Diplomacies imports insights from, and contributes to the body of research currently developed in the Humanities under the label 'colonial and postcolonial studies'. The emphasis on 'history from below' and focus on 'subaltern agency' usefully complement the traditional elite-perspective on financial imperialism favoured by the British school of empire history.

Author: Martin Thomas
Publisher: Oxford University Press
ISBN: 0191022144
Category : Political Science
Languages : en
Pages : 801

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Book Description
The Oxford Handbook of the Ends of Empire offers the most comprehensive treatment of the causes, course, and consequences of the ends of empire in the twentieth century. The volume's contributors convey the global reach of decolonization, with chapters analysing the empires of Western Europe, Eastern Europe, China and Japan. The Handbook combines broad, regional treatments of decolonization with chapter contributions constructed around particular themes or social issues. It considers how the history of decolonization is being rethought as a result of the rise of the 'new' imperial history, and its emphasis on race, gender, and culture, as well as the more recent growth of interest in histories of globalization, transnational history, and histories of migration and diaspora, humanitarianism and development, and human rights. The Handbook, in other words, seeks to identify the processes and commonalities of experience that make decolonization a unique historical phenomenon with a lasting resonance. In light of decades of historical and social scientific scholarship on modernization, dependency, neo-colonialism, 'failed state' architectures and post-colonial conflict, the obvious question that begs itself is 'when did empires actually end?' In seeking to unravel this most basic dilemma the Handbook explores the relationship between the study of decolonization and the study of globalization. It connects histories of the late-colonial and post-colonial worlds, and considers the legacies of empire in European and formerly colonised societies.

Author: David T. Gleeson
Publisher: Univ of South Carolina Press
ISBN: 1611173264
Category : History
Languages : en
Pages : 317

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Book Description
A collection of scholarly essays exploring the American Civil War from international perspectives. In an attempt to counter the insular narratives of much of the sesquicentennial commemorations of the Civil War in the United States, editors David T. Gleeson and Simon Lewis present this collection of essays that examine the war as more than a North American conflict, one with transnational concerns. The book, while addressing the origins of the Civil War, places the struggle over slavery and sovereignty in the United States in the context of other conflicts in the Western hemisphere. Additionally, Gleeson and Lewis offer an analysis of the impact of the war and its results overseas. Although the Civil War was the bloodiest conflict in US history and arguably its single most defining event, this work underscores the reality that the war was by no means the only conflict that ensnared the global imperial powers in the mid-nineteenth century. In some ways the Civil War was just another part of contemporary conflicts over the definitions of liberty, democracy, and nationhood. The editors have successfully linked numerous provocative themes and convergences of time and space to make the work both coherent and cogent. Subjects include such disparate topics as Florence Nightingale, Gone with the Wind, war crimes and racial violence, and choices of allegiance made by immigrants to the United States. While we now take for granted the nation’s values of freedom and democracy, we cannot understand the impact of the Civil War and the victorious “new birth of freedom” without thinking globally. The contributors to The Civil War as Global Conflict reveal that Civil War-era attitudes toward citizenship and democracy were far from fixed or stable. Race, ethnicity, nationhood, and slavery were subjects of fierce controversy. Examining the Civil War in a global context requires us to see the conflict as a seminal event in the continuous struggles of people to achieve liberty and fulfill the potential of human freedom. The book concludes with a coda that reconnects the global with the local and provides ways for Americans to discuss the war and its legacy more productively. Contributors: O. Vernon Burton; Edmund L. Drago; Hugh Dubrulle; Niels Eichhorn; W. Eric Emerson; Amanda Foreman; David T. Gleeson; Matthew Karp; Simon Lewis; Aaron W. Marrs; Lesley Marx; Joseph McGill; James M. McPherson; Alexander Noonan; Theodore N. Rosengarten; Edward B. Rugemer; Jane E. Schultz; Aaron Sheehan-Dean; Christopher Wilkins “The writers of this collection effectively balance local and global contexts to produce a significant text that is invaluable to any scholar interested in research desiring to move away from ‘pantomime-like North-South, black-white, blue-gray binaries.’” —Jesse Tyler Lobbs, Kansas State University

Author: Peter O'Connor
Publisher: LSU Press
ISBN: 0807168173
Category : History
Languages : en
Pages : 345

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Book Description
In American Sectionalism in the British Mind, 1832–1863, Peter O’Connor uses an innovative interdisciplinary approach to provide a corrective to simplified interpretations of British attitudes towards the United States during the antebellum and early Civil War periods. Exploring the many complexities of transatlantic politics and culture, O’Connor examines developing British ideas about U.S. sectionalism, from the abolition of slavery in the British Empire and the Nullification Crisis in South Carolina to the Civil War. Through a close reading of travelogues, fictional accounts, newspaper reports, and personal papers, O’Connor argues that the British literate population had a longstanding familiarity with U.S. sectionalism and with the complex identities of the North and South. As a consequence of their engagement with published accounts of America produced in the decades leading up to the Civil War, the British populace approached the conflict through these preexisting notions. O’Connor reveals even antislavery commentators tended to criticize slavery in the abstract and to highlight elements of the system that they believed compared favorably to the condition of free blacks in the North. As a result, the British saw slavery in the U.S. in national as opposed to sectional terms, which collapsed the moral division between North and South. O’Connor argues that the British identified three regions within America—the British Cavalier South, the British Puritan New England, and the ethnically heterogeneous New York and Pennsylvania region—and demonstrates how the apparent lack of a national American culture prepared Britons for the idea of disunity within the U.S. He then goes on to highlight how British commentators engaged with American debates over political culture, political policy, and states’ rights. In doing so, he reveals the complexity of the British understanding of American sectionalism in the antebellum era and its consequences for British public opinion during the Civil War. American Sectionalism in the British Mind, 1832–1863 re-conceptualizes our understanding of British engagements with the United States during the mid-nineteenth century, offering a new explanation of how the British understood America in the antebellum and Civil War eras.