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This chapter focuses on the American political economy from the colonial period to Donald Trump. In particular, it examines how the United States emerged from being a predominantly agricultural country to the wealthiest economic power in the world. The chapter first considers America’s economic rise before independence before discussing the role played by economic factors in sparking war between Great Britain and American colonists. It then looks at America’s dramatic economic growth between formal independence and World War I, as well as through the post-war period. It also analyses the American political economy under Bill Clinton and how his economic policies — and those of his successor George W. Bush — contributed to the great economic crash of 2008. It also explores the major economic reasons that accounted for Trump’s victory in the 2016 presidential election and concludes with an overview of how the American economy has been impacted by globalization.

This chapter examines how the external environment of US foreign policy and internal pressures on policy makers both shifted radically in the 1990s. Internationally, the ‘long 1990s’ were characterized by intense democratic possibility. Yet they were also years of atavistic negativity and irrationality, as seen in Rwanda and Bosnia. Two questions arise: First, how should the United States respond to a world which was apparently both rapidly integrating and rapidly disintegrating? Second, was it inevitable, desirable, or even possible that the US should provide global leadership? Before discussing various approaches to these questions, the chapter considers the wider international environment of apparent unipolarity and globalization. It also analyzes the development of American foreign policy under presidents George H. W. Bush and Bill Clinton, focusing in particular on the so-called ‘Kennan sweepstakes’ during the first year of Clinton’s presidency as well as Clinton’s turn towards unilateralism and remilitarization.

This chapter examines US foreign policy in Latin America and the historical evolution of US relations with the region. It first considers the Monroe Doctrine and manifest destiny, which sought to contain European expansion and to justify that of the United States under an ethos of hemispherism, before discussing the projection of US power beyond its frontiers in the early twentieth century. It then explores the United States’ adoption of a less unilateral approach during the depression of the 1930s and an aggressively ideological approach in the wake of the Cuban Revolution. It also analyzes US policy towards the left in Central America, where armed conflict prevailed in the 1980s, and in South America, where the Washington Consensus brought an end to the anti-European aspects of the Monroe Doctrine by promoting globalization. Finally, it looks at the impact of the Cold War on US policy towards Latin America.

This chapter examines the historical evolution of U.S. foreign policy in Latin America. It begins with a discussion of the Monroe Doctrine and manifest destiny, which sought to contain European expansion and to justify that of the United States under an ethos of hemispherism. It then considers the projection of U.S. power beyond its frontiers in the early twentieth century, along with the effect of the Cold War on U.S. policy towards Latin America. It also explores American policy towards the left in Central America, where armed conflict prevailed in the 1980s, and that for South America, where the Washington Consensus brought an end to the anti-European aspects of the Monroe Doctrine by promoting globalization.