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Bankers and EmpireHow Wall Street Colonized the Caribbean$
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Peter James Hudson

Print publication date: 2017

Print ISBN-13: 9780226459110

Published to Chicago Scholarship Online: September 2017

DOI: 10.7208/chicago/9780226459257.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 22 June 2021

Financial Occupations

Financial Occupations

Chapter:
(p.81) Three Financial Occupations
Source:
Bankers and Empire
Author(s):

Peter James Hudson

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226459257.003.0004

This chapter examines the attempts of the National City Bank of New York to take over the banking and financial affairs of the Republic of Haiti. The chapter argues that the bank’s ventures into Haiti were a core element of a strategy of internationalization that itself was part of a broader project of modernization and managerial reform. Additionally, the chapter demonstrates that the City Bank’s managerial reforms served to operationalize in policy notions of racial difference and ideologies of white supremacy which in turn served to construct and reinforce the racial hierarchies governing US-Haitian relations. While the City Bank’s efforts in Haiti were arguably its most successful early international venture, it was also among the most controversial. The bank’s actions exacerbated long-standing strife between foreign bankers and the Haitian government and fomented the conditions leading to a repressive nineteen-year US Marine intervention into and occupation of Haiti, beginning in 1915.

Keywords:   internationalization, neo-colonialism, dollar diplomacy, central banking, foreign banking, racial capitalism, white supremacy, anti-blackness, military occupation, soveriegnty

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