A wide-ranging history of modern America that argues that free trade has been an engine of US foreign policy and the key to global prosperity.Covering nearly a century, Capitalist Peace provides the first chronologically sweeping look at the intersection of trade and diplomacy.
This policy has been pursued oftentimes at a cost to US producers and workers, whose interests were sacrificed to serve the purpose of grand strategy.
To be sure, capitalists sought a particular type of global trade, which harnessed the market through free trade.
This liberal trade policy sought the common good as defined by the needs, aims, and strengths of the capitalist and democratic world.
Leaders believed that free trade advanced private enterprise, which, in turn, promoted prosperity, democracy, security, and attendant by-products like development, cooperation, integration, and human rights.
The capitalist peace took liberalization as integral to cooperation among nations and even to morality in global affairs.
Drawing on new research from the Reagan, George H.W.
Bush, Clinton, and George W.
Bush presidential libraries, as well as business/ industry and civic association archives, Thomas W.
Zeiler narrates this history from the road to World War II, through the Cold War, to the resurgent protectionism of the Trump era and up to the present.
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