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Dollars and Dominion : Us Bankers and the Making of a Superpower
Dollars and Dominion : Us Bankers and the Making of a Superpower
Mary Bridges
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How the creation of a new banking infrastructure in the early twentieth century established the United States as a global financial power
The dominance of US multinational businesses today can seem at first like an inevitable byproduct of the nation's superpower status. In Dollars and Dominion, Mary Bridges tells a different origin story. She explores the ramshackle beginnings of US financial power overseas, showing that US bankers in the early twentieth century depended on the US government, European know-how, and last-minute improvisation to sustain their work abroad. Bridges focuses on an underappreciated piece of the nation's financial infrastructure—the overseas branch bank—as a brick-and-mortar foundation for expanding US commercial influence.
Bridges explores how bankers sorted their new communities into "us"—potential clients—and "them"—local populations, who often existed on the periphery of the banking world. She...
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