APUSH Chapter 34

APUSH Chapter 34 - Chapter 34 Franklin D. Roosevelt &...

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Chapter 34 I. The London Conference I. 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 I. 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. II. 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. III. 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. IV. 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 aggression. III. Becoming a Good Neighbor I. 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. II. 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. III. 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
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I. Secretary of State Hull believed that trade was a two-way street,and he had a part in Congress’s passing of the Reciprocal TradeAgreements Act in 1934 which activated low- tariff policies while aimingat relief and recovery by boosting American trade. This act whittled down the most objectionable schedules of theHawley-Smoot law by amending them, lowering rates by as much as half,provided that the other country would do the same toward the UnitedStates. II. The Reciprocal Trade Agreements Act reversed the traditionalhigh-tariff policy that had damaged America before and paved the wayfor the American-led free-trade international economic system that wasimplemented after World War II. V. Storm-Cellar Isolationism
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APUSH Chapter 34 - Chapter 34 Franklin D. Roosevelt &...

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