Miles M. Evers and Eric Grynaviski, "The Price of Empire: American Entrepreneurs and the Origins of America's First Pacific Empire" (Cambridge UP, 2024)

New Books in Economic and Business History

The United States was an upside-down British Empire. It had an agrarian economy, few large investors, and no territorial holdings outside of North America. However, decades before the Spanish-American War, the United States quietly began to establish an empire across thousands of miles of Pacific Ocean.

While conventional wisdom suggests that large interests – the military and major business interests – drove American imperialism, The Price of Empire: American Entrepreneurs and the Origins of America's First Pacific Empire (Cambridge University Press, 2024) argues that early American imperialism was driven by small entrepreneurs. When commodity prices boomed, these small entrepreneurs took risks, racing ahead of the American state. Yet when profits were threatened, they clamored for the US government to follow them into the Pacific.

Through novel, intriguing stories of American small businessmen, this book shows how American entrepreneurs manipulated the United States into pursuing imperial projects in the Pacific. It explores their travels abroad and highlights the consequences of contemporary struggles for justice in the Pacific.

Our guests today are: Miles M. Evers, who is an Assistant Professor of Political Science at the University of Connecticut; and Eric Grynaviski, who is an Associate Professor of Political Science and International Affairs at George Washington University.

Our host is Eleonora Mattiacci, an Assistant Professor of Political Science at Amherst College. She is the author of "Volatile States in International Politics" (Oxford University Press, 2023).

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