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Loans and Legitimacy - The Evolution of Soviet-American Relations, 1919-1933 (Paperback)
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Loans and Legitimacy - The Evolution of Soviet-American Relations, 1919-1933 (Paperback)
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In 1919 the Soviet government directed Ludwig Martens to open a
trade bureau in New York. Before his deportation two years later,
Martens had established contact with nearly one thousand American
firms and conducted trade in the face of a stiff Allied embargo.
His work planted the seeds for growing commercial ties between the
U.S. and the U.S.S.R. throughout the 1920s. Because the United
States did not recognize the Soviet Union until 1933, historians
have viewed the early Soviet--American relationship as an
ideological stand-off. Katherine Siegel, drawing on public,
private, and corporate documents as well as newly opened Soviet
archives, paints a different picture. She finds that business ties
flourished between 1923 and 1930, American sales to the Soviets
grew twentyfold and American firms supplied Russians with more than
a fourth of their imports. American businesses were only too eager
to tap into huge Soviet markets. Under the Soviets' New Economic
Policy and first Five Year Plan, American firms invested in the
U.S.S.R. and sold technical processes, provided consulting
services, built factories, and trained Soviet engineers in the U.S.
Most significantly, Siegel shows, this commercial relationship
encouraged policy shifts at the highest levels of the U.S.
government. Thus when Franklin D. Roosevelt opened diplomatic
relations with Russia, he was building on ties that had been
carefully constructed over the previous fifteen years. Siegel's
study makes an important contribution to a new understanding of
early Soviet-American relations.
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