TY - BOOK AU - Maurer,Noel TI - The Empire Trap: The Rise and Fall of U.S. Intervention to Protect American Property Overseas, 1893-2013 SN - 9780691155821 AV - HG4538 .M383 2013 U1 - 337.7300904 23 PY - 2013///] CY - Princeton, NJ : PB - Princeton University Press, KW - American property KW - Americans KW - Foreign countries KW - Diplomatic relations KW - Imperialism KW - Imperialismus KW - International economic relations KW - Investments, American KW - History KW - 20th century KW - Politics and government KW - Right of property KW - United States KW - Foreign economic relations KW - Foreign relations KW - Wirtschaftsbeziehungen KW - BUSINESS & ECONOMICS / Economics / General KW - bisacsh KW - 1900 imbroglio KW - American advisers KW - American court KW - American empire KW - American foreign policy KW - American government KW - American interests KW - American investments KW - American investors KW - American pressure KW - American property rights KW - American protection KW - Calvin Coolidge KW - Caribbean KW - Central America KW - Cold War empire KW - Cold War KW - Communist expansion KW - Cuba KW - Democrats KW - Dominican Republic KW - Eisenhower KW - European court KW - Franklin Roosevelt KW - Great Depression KW - Herbert Hoover KW - Kennedy expansion KW - Latin America KW - Latin American governments KW - Liberia KW - McKinley administration KW - Philippines KW - Second World War KW - Soviet Union KW - Soviet bloc KW - Theodore Roosevelt KW - U.S. economy KW - U.S. foreign investors KW - U.S. government KW - U.S. territory KW - Warren Harding KW - West Africa KW - Woodrow Wilson KW - aid programs KW - anti-imperialism KW - anti-imperialists KW - arbitration judgments KW - circum-Caribbean KW - communist expansion KW - creditors KW - direct investors KW - domestic political costs KW - economic interventionism KW - empire trap KW - fair compensation KW - fiscal receiverships KW - foreign aid KW - foreign debt KW - foreign government KW - foreign governments KW - foreign nations KW - human rights KW - imperial expansion KW - imperialism KW - international tribunals KW - intervention policy KW - interventionism KW - national integrity KW - nonintervention KW - political innovations KW - political instability KW - political stability KW - politicized confrontations KW - pre-Depression era KW - private investors KW - property rights KW - republican administrations KW - sovereign immunity KW - trade controls N1 - Frontmatter --; Contents --; Acknowledgments --; One. Introduction --; Two. Avoiding the Trap --; Three. Setting the Trap --; Four. The Trap Closes --; Five. Banana Republicanism --; Six. Escaping by Accident --; Seven. Falling Back In --; Eight .The Empire Trap and the Cold War --; Nine. The Success of the Empire Trap --; Ten. Escaping by Design? --; Eleven. The Empire Trap in the Twenty-first Century --; Notes --; Index; restricted access; Issued also in print N2 - Throughout the twentieth century, the U.S. government willingly deployed power, hard and soft, to protect American investments all around the globe. Why did the United States get into the business of defending its citizens' property rights abroad? The Empire Trap looks at how modern U.S. involvement in the empire business began, how American foreign policy became increasingly tied to the sway of private financial interests, and how postwar administrations finally extricated the United States from economic interventionism, even though the government had the will and power to continue. Noel Maurer examines the ways that American investors initially influenced their government to intercede to protect investments in locations such as Central America and the Caribbean. Costs were small--at least at the outset--but with each incremental step, American policy became increasingly entangled with the goals of those they were backing, making disengagement more difficult. Maurer discusses how, all the way through the 1970s, the United States not only failed to resist pressure to defend American investments, but also remained unsuccessful at altering internal institutions of other countries in order to make property rights secure in the absence of active American involvement. Foreign nations expropriated American investments, but in almost every case the U.S. government's employment of economic sanctions or covert action obtained market value or more in compensation--despite the growing strategic risks. The advent of institutions focusing on international arbitration finally gave the executive branch a credible political excuse not to act. Maurer cautions that these institutions are now under strain and that a collapse might open the empire trap once more. With shrewd and timely analysis, this book considers American patterns of foreign intervention and the nation's changing role as an imperial power UR - https://doi.org/10.1515/9781400846603?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9781400846603 UR - https://www.degruyter.com/cover/covers/9781400846603.jpg ER -