I. The London Conference
The 1933 London Conference composed 66 nations that came together
to hopefully develop a worldwide solution to the Great Depression.
President Franklin D. Roosevelt at first agreed to send Secretary
of State Cordell Hull, but then withdrew from that agreement and
scolded 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 their
liabilities in the Philippine Islands. And, American sugar producers
wanted to get rid of the Filipino sugar producers due to the
competition they created.
In 1934, Congress passed the Tydings-McDuffie Act, stating that the
Philippines would receive their independence after 12 years of economic
and political tutelage, in 1946.
Army bases were relinquished, but naval bases were kept.
Americans were freeing themselves of a liability and creeping into
further isolationism Meanwhile, militarists in Japan began to see that
they could take over the Pacific easily without U.S. interference or
In 1933, FDR finally formally recognized the Soviet Union, hoping
that the U.S. could trade with the U.S.S.R., and that the Soviets would
discourage German and Japanese aggression.
III. Becoming a Good Neighbor
In terms of its relations with Latin America, the U.S. wanted to be
a “good neighbor,” showing that it was content as a
regional power, not a world one.
In 1933, FDR renounced armed intervention in Latin America at the
Seventh Pan-American Conference in Montevideo, Uruguay, and the
following year, U.S. marines left Haiti.
The U.S. also lifted troops from Panama, but when Mexican forces
seized Yankee oil properties, FDR found himself urged to take drastic
However, he resisted and worked out a peaceful deal.
His “good neighbor” policy was a great success, improving the U.S. image in Latin
IV. Secretary Hull’s Reciprocal Trade Agreement