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2 results

  • 4 - The Era of Intervention and the Good Neighbor

  • from Part I - Historical Background
  • Gregory B. Weeks, University of North Carolina, Charlotte, Michael E. Allison, University of Scranton, Pennsylvania
  • Book:
    U.S. and Latin American Relations
    Published online:
    08 December 2022
    Print publication:
    01 December 2022, pp 79-109

  • Summary

    U.S. political and economic influence in Latin America grew and the U.S. government proudly proclaimed its hegemonic position in the early twentieth century. The U.S. adopted the Roosevelt corollary to the Monroe Doctrine as a response to the specter of European intervention and to Latin America’s inability to get its economic and political affairs in order. Espousing a moral obligation to bring democracy to the rest of the world, President Wilson sent U.S. troops to occupy several countries. This combination meant that hegemony and “democratic promotion” were one and the same. With U.S. businesses demonstrating greater interest in the entire region, the dollar diplomacy era saw U.S. investors and troops move ceaselessly, as diplomacy and money worked closely together. Only with Franklin D. Roosevelt’s enunciation of the Good Neighbor Policy did the United States assert the integrity and sovereignty of Latin American countries. By the end of World War II, however, the Good Neighbor Policy would be largely discarded, replaced by the exigencies of the Cold War.

  • 11 - The Road to Pearl Harbor

  • Akira Iriye, Harvard University, Massachusetts
  • Book:
    The New Cambridge History of American Foreign Relations
    Published online:
    05 June 2013
    Print publication:
    29 April 2013, pp 172-192

  • Summary

    American capital was the main sustainer of the international economic system during the 1920s. The role of American financial resources has sometimes been referred to as the diplomacy of the dollar. In some such fashion, a revitalized global economy came to hinge on a relationship of financial interdependence between the United States and Europe, and indeed the rest of the world as well. The penetration of world markets by American goods as well as capital and technology was providing a basis, the economic foundation, for the postwar international order. If American economic influence was linking different parts of the world closer together, thereby creating a greater sense of global interdependence, there was a contrary trend as well: the new immigration policy of the United States. Both the 1921 and the 1924 immigration laws established a quota system on the basis of nationality.