Buying Sovereignty: German “Weltpolitik” and Private Enterprise, 1884–1914

Abstract

AbstractWilhelmine Germany's Weltpolitik is widely regarded as a precursor to World War I, as a reckless break from the Bismarckian past, and as a counterproductive form of German deviation from European norms. Yet, when one reexamines certain German overseas expansion schemes between 1897 and the early 1900s, a strong intellectual continuity emerges between the methods of Weltpolitik and wider views about colonial sovereignty. Like Bismarck and other European imperial powers in the late nineteenth century, the actors producing Weltpolitik sought to enlist private businessmen in colonial governance, as well as to parcel and transfer sovereignty as a commodity in places like the Caribbean island of St. John. Counterintuitively, this way of treating sovereignty was highly imitative and compliant with norms, both at home and abroad. It also represented an alternative, at least at times, to a more aggressive course in foreign policy.