American Business Foreign Policy 1920 1933

With increasing world economic interdependence and a new position as a creditor nation, the American business community became more actively and vocally concerned with foreign policy after World War I than ever before. This book details the response of American businessmen to such foreign policy issues as the tariff, disarmament, allied debts, loans, and the Manchurian crisis. Far from presenting a monolithic front, the business community fragmented into nationalist and internationalist camps, according to this study. Division over each issue varied with the size, type, and geographic region of the various business interests, and despite their formidable economic power, business internationalists are shown to have played a more limited role on certain issues than has been formerly assumed. Unfortunately for the future development of United States diplomacy and world stability, no institutional means for tempering business influence on the formulation of foreign policy, or for coordinating economic and political foreign policies, were developed in the twenties.

A Faustian Foreign Policy from Woodrow Wilson to George W. Bush critiques U.S. foreign policy during this period by showing how moralistic diplomacy has increasingly assumed Faustian overtones, especially during the Cold War and following September 11. The ideological components of American diplomacy, originating in the late 18th and 19th centuries, evolved through the 20th century as U.S. economic and political power steadily increased. Seeing myth making as essential in any country's founding and a common determinant of its foreign policy, Professor Joan Hoff reveals how the basic belief in its exceptionalism has driven America's past and present attempts to remake the world in its own image. She expands her original concept of 'independent internationalism' as the modus operandi of U.S. diplomacy to reveal the many unethical Faustian deals the United States entered into since 1920 to obtain its current global supremacy.