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From the Civil War to the Great War, the transatlantic commercial trading system that dated from the nation’s colonial times continued in America. By 1900, the sustainability of this Atlantic System was in the material interest of an industrial America on which its aggregate national prosperity depended. The principal beneficiary of this political-economic reality was the American moneyed interest centered in the Northeast, with New York City at the heart. Author John Fass Morton explains how this country came to put a value on commercial opportunities overseas in support of America’s steel industry. Europeans and Americans alike pursued informal empires for resource acquisition and markets for surplus capital and output. Morton looks at how U.S. policy found consensus around the idea of empire, taking stock of the opening of Latin American and Chinese markets to American commerce as a means for averting socially destabilizing economic depressions. Republican administrations reflected Wall Street finance and America’s other three Madisonian interests—commercial, manufacturing, and agrarian—with the Open Door and Dollar Diplomacy policies to establish fiscal protectorates in Central America and the Caribbean. Undergirding Dollar Diplomacy was their commitment to “a great navy” that would be the “insurance” for an ongoing American interest that Dollar Diplomacy represented. With the strategic arrival of the petroleum sinew and the Wall Street reassessment of the Open Door in China, the Wilson administration tilted toward protecting American investments in the hemisphere—notably in Mexico—with a “Big Navy.” With Wilson, a progressive foreign policy establishment arrived while continuing to reflect the transatlantic internationalism of the Northeast moneyed interest. As a twentieth century progressive institution, the Navy would thus sustain an American expansion that was now progressive. The Navy story from the Civil War to the Great War reveals a truth. The foundational and dynamic sectors of a great nation’s economic base—its sinews—give rise to policy consensus networks that drive national interest, long-term strategy, and the characteristics of its elements of national power. It follows that the attributes of sea power must be material expressions of those sinews, allowing a navy better to serve as a sustainable and actionable tool for a great nation’s interest.
The Interest of America in Sea Power, Present and Future By Alfred Thayer Mahan
The gold standard in college-level American naval history texts, edited by the foremost scholar in the field In the newly revised second edition of America, Sea Power and the World, a team of distinguished researchers delivers an extensive and authoritative survey of American naval history, the place of the United States in world affairs, and the role of that country’s naval forces during peacetime and wartime. Each chapter contains a comprehensive analysis of its subject as well as brief sidebars describing a key weapon or technological development of the era and a short biographical sketch of an influential leader or representative of the navy from that era. The book offers extensive illustration and maps and a throughgoing emphasis on naval policy, strategy, roles, and missions, with careful attention paid to naval operations. These factors given greater focus than the descriptions of battle tactics found in other texts. Readers will also find: A thorough introduction to sea power and the modern state system, as well as the American War for Independence at sea Comprehensive explorations of the genesis of the United States Navy from 1785 to 1806 Practical discussions of the Naval War of 1812 and the Confirmation of Independence from 1807 to 1815 and the Squadron Navy as an agent of the commercial empire until 1890 Fulsome treatments of the Second World War in the Atlantic, Mediterranean, and the Pacific, including defensive actions in the Pacific from 1937 to 1943 and offensive actions from 1943 to 1944. New chapters exclusive to the 2nd edition focused on the history of African Americans and women in the US Navy, the development of joint operations and unified command, and the naval history of the last two decades. Perfect for undergraduate students taking courses on the naval history of the United States, America, Sea Power and the World, Second Edition will also earn a place in the libraries of members of the general public interested in naval and military history.
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ... (6) Columns for Discount on Purchases and Discount on Notes on the same side of the Cash Book; (c) Columns for Discount on Sales and Cash Sales on the debit side of the Cash Book; (d) Departmental columns in the Sales Book and in the Purchase Book. Controlling Accounts.--The addition of special columns in books of original entry makes possible the keeping of Controlling Accounts. The most common examples of such accounts are Accounts Receivable account and Accounts Payable account. These summary accounts, respectively, displace individual customers' and creditors' accounts in the Ledger. The customers' accounts are then segregated in another book called the Sales Ledger or Customers' Ledger, while the creditors' accounts are kept in the Purchase or Creditors' Ledger. The original Ledger, now much reduced in size, is called the General Ledger. The Trial Balance now refers to the accounts in the General Ledger. It is evident that the task of taking a Trial Balance is greatly simplified because so many fewer accounts are involved. A Schedule of Accounts Receivable is then prepared, consisting of the balances found in the Sales Ledger, and its total must agree with the balance of the Accounts Receivable account shown in the Trial Balance. A similar Schedule of Accounts Payable, made up of all the balances in the Purchase Ledger, is prepared, and it must agree with the balance of the Accounts Payable account of the General Ledger." The Balance Sheet.--In the more elementary part of the text, the student learned how to prepare a Statement of Assets and Liabilities for the purpose of disclosing the net capital of an enterprise. In the present chapter he was shown how to prepare a similar statement, the Balance Sheet. For all practical...
A MILITARY CLASSIC The Interest of America in Sea Power, Present and Future is a must-read for anyone studying military or policy history. DETAILS: Includes the Original Illustrations and Images of the Navy
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This book examines the strategic choices that American and Chinese decisionmakers face regarding sea power in the Western Pacific, shaped by geography, history, technology, and politics. In particular, the author explores the potential for cooperation on maritime security in the Western Pacific, and how the United States might pursue such cooperation as part of a broader strategy to advance its interests in the region.
Mahan presents an examination of the general history of Europe and America with special reference to the effect of sea power on the course of history.