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Bankers and Empire: How Wall Street Colonized the Caribbean

Bankers and Empire: How Wall Street Colonized the Caribbean

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Key Metrics

  • Peter James Hudson
  • University of Chicago Press
  • Paperback
  • 9780226598116
  • 8.9 X 5.8 X 1 inches
  • 1.23 pounds
  • Business & Economics > Economic History
  • English
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Book Description

From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of international expansion in the Caribbean. A host of financial entities sought to control banking, trade, and finance in the region. In the process, they not only trampled local sovereignty, grappled with domestic banking regulation, and backed US imperialism--but they also set the model for bad behavior by banks, visible still today. In Bankers and Empire, Peter James Hudson tells the provocative story of this period, taking a close look at both the institutions and individuals who defined this era of American capitalism in the West Indies. Whether in Wall Street minstrel shows or in dubious practices across the Caribbean, the behavior of the banks was deeply conditioned by bankers' racial views and prejudices. Drawing deeply on a broad range of sources, Hudson reveals that the banks' experimental practices and projects in the Caribbean often led to embarrassing failure, and, eventually, literal erasure from the archives.
Bankers and Empire: How Wall Street Colonized the Caribbean

Author Bio

Peter James Hudson is Associate Professor of African American Studies and History.  Peter James Hudson is a historian who completed his Ph.D. in the American Studies Program at New York University. 

His research interests are in the history of capitalism, white supremacy, and U.S. imperialism; the intellectual and political-economic history of the Caribbean and the Black world; and the history of Black radicalism and global anti-imperialism. He is the author of Bankers and Empire: How Wall Street Colonized the Caribbean (University of Chicago Press, 2017).

 

Source: UCLA African American Studies 

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