Watershed of Empire: Essays on New Deal Foreign Policy

  • Leonard Liggio & James J. Martin

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Softcover book. 220 pages
ISBN: 0879260203
Stock Number: 0609
Knowledgeable specialists in history, politics, and economics take careful aim at the internationalist policies of President Franklin Roosevelt -- the foundation of US globalist, interventionist policy in the decades since. First-rate examinations of the New Deal monetary system, the meddlesome “Good Neighbor Policy” in Latin America, interventionist diplomacy elsewhere, and empire-building at home, and more.

Includes these seven essays: “Roosevelt’s Options and Evasions in Foreign Policy Decisions, 1940-1945,” by William L. Neumann; “The Ideology of the Executive State: Legacy of Liberal Internationalism,” by Robert J. Bresler; “The New Deal and the International Monetary System,” by Murray N. Rothbard; “Power, Markets and Ideology: The Isolationist Response to Roosevelt Policy, 1940-1941,” by Justus D. Doenecke; “The Good Neighbor Policy: The Liberal Paradox in United States Relations With Latin America,” by Robert Freeman Smith; “New Deal Diplomacy: A View from the Seventies,” by Lloyd C. Gardner; “Robert A. Taft and American Foreign Policy, 1939-1945,” by James T. Patterson.

With a preface by Felix Morley, and an introduction by Leonard P. Liggio. Includes a name index and a subject index, and source references. (With some wear and slight imperfections on the book’s spine.)

Includes a fascinating look at how policy makers in the US were increasingly motivated during the 1930s to press for war against Germany because of anxiety over the Third Reich’s success as a formidable competitor in international trade and business. Within a few years after Hitler and the National Socialist Party took power in 1933, Germany was remarkably successful in recovering from the global economic crisis (“Great Depression”) of the 1930s, in part through bilateral trade arrangements with other countries, especially in Southeast Europe and in Latin America. German competitive success, particularly in South America, was increasingly regarded by US political and business leaders as intolerably dangerous for American capitalist and business interests. “To what extent,” writes Murray Rothbard, “was the American drive for war against Germany the result of anger and conflict over the fact that, in the 1930s world of economic and monetary nationalism, the Germans, under the guidance of [Reich Economics Minister] Dr. Hjalmar Schacht, went their way successfully on their own, totally outside of Anglo-American control of the confinement of what remained of the cherished American Open Door [policy]?”

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