Foreign Developments: All Developments with Latin America from 1920 to 1945 Flashcards
How much was US investment in Latin America in 1924 and 1929?
$1.5 billion in 1924, $3 billion in 1929
What year did General Electric make their own company in Latin America?
1923
How many Latin American countries did General Electric make a monopoly in?
8 Latin American countries
What were the Kemmerer Plans?
Plans to give Latin American governments money
What did the USA ensure with the Kemmerer Plans?
That the money would not be used in a corrupt way by Latin American governments
How much money did the USA in the 1920s give Colombia? Why?
$25 million, to compensate for the loss of Panama
What year had Panama become independent in?
1903
What did the Mexican government agree with the USA in terms of payments and why?
$500,000 would be paid to the USA for damages in the Mexican Revolution
What year did the USA withdraw troops from Nicaragua?
1925
What year had troops originally been put in Nicaragua?
1909
What did the USA have to do with Nicaragua in 1926?
They had to send troops back in
What was the scale of how many troops the USA sent into Nicaragua in 1926 compared to 1909?
They had to send twice as many troops in
What were the USA able to do with Nicaragua in 1928?
They were able to stop the civil war there
What policy did Franklin Roosevelt adopt with Latin America?
The “Good Neighbor” policy
What did the Good Neighbor policy say?
The USA would not intervene as heavily with Latin America
What year had the Platt Amendment been made?
1901
What had the Platt Amendment allowed the USA to do?
Allowed the USA to control Cuba
What year was the Platt Amendment repealed?
1934
Although the Platt Amendment was repealed in 1934, what did the USA keep in Cuba and where?
They kept a military base in Guantanamo
By what year had 10 trade treaties been made with Latin American countries?
1938
What trading act was passed for Latin America under FDR in what year?
Reciprocal Trade Act, 1934
What did the 1934 Reciprocal Trade Act dos
It lowered tariffs on Latin American goods
