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Debtor Diplomacy
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Debtor Diplomacy: Finance and American Foreign Relations in the Civil War Era 1837-1873

Jay Sexton

Abstract

The United States was a debtor nation in the mid-19th century, with half of its national debt held overseas. Lacking the resources to develop the nation and to fund the wars necessary to expand and then preserve it, the United States looked across the Atlantic for investment capital. The need to obtain foreign capital greatly influenced American foreign policy, principally relations with Britain. The intersection of finance and diplomacy was particularly evident during the Civil War when both the North and South integrated attempts to procure loans from European banks into their larger interna ... More

Keywords: Civil War, United States, Union, Confederacy, debt, foreign policy, finance, European financiers

Bibliographic Information

Print publication date: 2005 Print ISBN-13: 9780199281039
Published to Oxford Scholarship Online: January 2010 DOI:10.1093/acprof:oso/9780199281039.001.0001

Authors

Affiliations are at time of print publication.

Jay Sexton, author
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