I. The London Conference
The 1933 London Conference composed 66 nations that came togetherto hopefully
develop a worldwide solution to the Great Depression.
President Franklin D. Roosevelt at first agreed to send Secretaryof State
Cordell Hull, but then withdrew from that agreement andscolded the other nations for
trying to stabilize currencies.
As a result, the conference adjourned accomplishing nothing, and furthermore
strengthening American isolationism.
II. Freedom for (from?) the Filipinos and Recognition for the Russians
With hard times, Americans were eager to do away with theirliabilities in the Philippine
Islands. And, American sugar producerswanted to get rid of the Filipino sugar producers
due to thecompetition they created.
In 1934, Congress passed the Tydings-McDuffie Act, stating that thePhilippines would
receive their independence after 12 years of economicand political tutelage, in 1946.
Army bases were relinquished, but naval bases were kept.
Americans were freeing themselves of a liability and creeping intofurther isolationism
Meanwhile, militarists in Japan began to see thatthey could take over the Pacific easily
without U.S. interference orresistance.
In 1933, FDR finally formally recognized the Soviet Union, hopingthat the U.S. could trade
with the U.S.S.R., and that the Soviets woulddiscourage German and Japanese
III. Becoming a Good Neighbor
In terms of its relations with Latin America, the U.S. wanted to bea “good neighbor,”
showing that it was content as aregional power, not a world one.
In 1933, FDR renounced armed intervention in Latin America at theSeventh Pan-American
Conference in Montevideo, Uruguay, and thefollowing year, U.S. marines left Haiti.
The U.S. also lifted troops from Panama, but when Mexican forcesseized Yankee oil
properties, FDR found himself urged to take drasticaction.
However, he resisted and worked out a peaceful deal.
His “good neighbor” policy was a great success, improving the U.S. image in
Latin American eyes.
IV. Secretary Hull’s Reciprocal Trade Agreement