Green with White Lines

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17.2 Relations with Latin America
Todays Objectives 1)Discuss U.S. intervention in
Nicaragua during 1930s. 2)Explain the Good
Neighbor Policy. 3)Analyze Great Depression
in Latin America.
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17.2 Relations with Latin America
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U.S. Relations to Latin America prior to 1930s.

• (1823)
• The Monroe Doctrine
• (1900)
• The Roosevelt Corollary
• (1920s)
• Dollar Diplomacy
• (1900s-1930s)
• Military Interventions
• Haiti
• Panama
• Honduras
• Cuba
• Collectively known as The Banana Wars

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THEN NOW
Value of Direct U.S. Investments in Latin America 35 billion 196.66 billion
Value of U.S. Exports to Latin America 7 billion 131.09 billion
Value of U.S. Imports from Latin America 11 billion 136.84 billion
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U.S. Intervention in Nicaragua

• - Series of revolts and coups in Nicaragua
  1920-1933
• -United States supported leaders who did not
  threaten U.S. Business.
• -U.S. Has warships patrolling the coast.
• - During 1932-33 Coup, U.S. Sends marines in to
  support Nicaraguan govt.

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Solórzano
Diaz
Zelaya
Chamorro
Stimson
Sandino
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U.S. Policy Changes - Good Neighbor Policy

• During Great Depression, Hoover removes Marines.
• Too expensive.
• President F.D.R. Thought previous U.S. Actions in
  Latin America were too heavy-handed.
• In his Inaugural Address, F.D.R. introduces the
  Good Neighbor Policy.
• In the field of world policy I would dedicate
  this nation to the policy of the good neighbor-
  the neighbor who resolutely respects himself and,
  because he so, respects the rights of
  others.(1933)

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The Good Neighbor Policy in Practice

• Good Neighbor Policy stressed non-intervention in
  Latin American governments.
• Canceled the Platt Amendment
• (1936)Stopped invading Panama.
• (1934) Removed Marines from Haiti .
• (1938)Biggest test was with Mexico.
• Mexican President Lazaro Cardenas nationalized
  U.S. and British Oil Rigs in Mexico.

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The Good Neighbor Policy in Practice

• How did F.D.R. React?
• He did not invade.
• U.S. Ambassador to Mexico Josephus Daniels urged
  compromise and compensation..
• Roosevelt also continued purchases of silver from
  Mexico.

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Latin America The Great Depression

• Most Latin American Economies were based on cash
  crops.
• In the Great Depression, agricultural prices
  dropped substantially.
• Depression Instability!
• Caudillos Popular dictators.
• In the 1930s many Caudillos took hold of Latin
  American countries.