Book Review

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Book Review | The Journal of American History, 86.1 | The History Cooperative

The Diplomacy of Trade and Investment: American Economic Expansion in the Hemisphere, 1865-1900. By David M. Pletcher. (Columbia: University of Missouri Press, 1998. xii, 458 pp. $44.95, isbn 0-8262-1127-5.)

David M. Pletcher's remarkable monograph skillfully analyzes the hemispheric trade policy of the United States between 1865 and 1900. It should compel historians to reconsider interpretations of late-nineteenth-century United States foreign relations. As territorial expansion slackened and the country experienced an economic revolution, the diplomacy of annexation gave way to the diplomacy of trade and investment, with Britain as both model and obstacle to United States economic dominance in the hemisphere. Pletcher's monumental examination of economic goals and diplomatic accomplishments reveals the incredible complexity behind American attempts to generate and sustain hemispheric economic growth through deliberate and systematic foreign policy. . . .

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