Bankers and Empire

Description:

"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

subjects: Branch banks,  Racism,  Capitalism,  Imperialism,  Economic conditions,  Foreign economic relations,  Banks and banking,  History,  Banks and banking, united states,  Banks and banking, caribbean area,  United states, foreign economic relations,  Caribbean area, foreign relations,  United states, economic conditions, 20th century,  Caribbean area, economic conditions,  Bankwezen,  Geld- en kapitaal markt,  Economic history,  Economic aspects,  International economic relations,  Banques,  Histoire,  Succursales bancaires,  Racisme,  Aspect économique,  Impérialisme,  Relations économiques extérieures,  Conditions économiques,  BUSINESS & ECONOMICS,  Finance

Places: United States,  Caribbean Area

Times: 20th century