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Bankers and empire : how Wall Street colonized the Caribbean

Author: Peter James Hudson
Publisher: Chicago ; London : The University of Chicago Press, 2017.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of international expansion in the Caribbean. The precursors to institutions like Citibank and JPMorgan Chase, as well as a host of long-gone and lesser-known financial entities, sought to push out their European rivals so that they could control banking, trade,  Read more...
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Genre/Form: History
Document Type: Book
All Authors / Contributors: Peter James Hudson
ISBN: 9780226459110 022645911X 022659811X 9780226598116
OCLC Number: 958779835
Description: 361 pages : illustrations ; 24 cm
Contents: Introduction: Dark finance --
Colonial methods --
Rogue bankers --
Financial occupations --
Foreign regulation --
American expansion --
Imperial government --
Odious debt --
Racial capitalism.
Other Titles: How Wall Street colonized the Caribbean
Responsibility: Peter James Hudson.

Abstract:

"From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of international expansion in the Caribbean. The precursors to institutions like Citibank and JPMorgan Chase, as well as a host of long-gone and lesser-known financial entities, sought to push out their European rivals so that they could control banking, trade, and finance in the region. In the process, they not only trampled local sovereignty, grappled with domestic banking regulation, and backed US imperialism but they set the model for bad behavior by banks, visible still today. In Bankers and Empire, Peter James Hudson tells the provocative story of this period, taking a close look at both the institutions and individuals who defined this era of American capitalism in the West Indies. Whether in Wall Street minstrel shows or in dubious practices across the Caribbean, the behavior of the banks was deeply conditioned by bankers racial views and prejudices. Drawing deeply on a broad range of sources, Hudson reveals that the banks experimental practices and projects in the Caribbean often led to embarrassing failure, and eventually literal erasure from the archives. Bankers and Empire is a groundbreaking book, one which will force readers to think anew about the relationship between capitalism and race" -- Publisher's description

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"Hudson has produced an exceptionally well-researched study of the expansion of U.S. banking in the Caribbean and Central America from the 1890s to the 1930s. . . The level of detail that Hudson Read more...

 
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