The 1930s the prelude to world war in europe this is

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Unformatted text preview: Act (1934) forbidding loans to gov’ts not paying back. - As the depression got worse, we exacerbated international problems by upping tariffs: FordneyMcCumber Act (1922) and Hawley-Smoot Act (1930). World trade declined, hurting all involved. - Finally, in 1934 we passed the Reciprocal Trade Agreements Act, which empowered the president to reduce tariffs through special agreements with foreign 213 countries (most-favored-nation-principle entitled us to the lowest tariff rate set by any nation with which a friend nation had an agreement). - The Export-Import Bank (1934) also helped things along by providing loans to foreigners for the purchase of American goods. In the long term, this stimulated trade and so forth. Still, in the short term, even the new economic programs had only mixed results. Uh oh… *1920 – 1930: US Hegemony in Latin America* - In the early 20th century, we had majorily gotten involved in Latin America through the Platt Amendment (Cuba, all treaties must have US approval, US basically controls gov’t), the Roosevelt Corollary (US as police power), the Panama Canal, and so on. - This only increased after WWI, when we became involved in numerous aspects of Latin American life. Basically, we built stuff, changed tariff laws, invited companies in, and got rid of people we didn’t like, among other things. We occupied (at one time or another) Cuba, DR, Haiti, Panama & Nicaragua. PR was a colony. - Criticism of our domination, however, also increased in the interwar years. Some charged that presidents were taking too much power in ordering troops abroad w/o a declaration of war, and business people worried that LA nationalists would get mad at their products too. And then talk about a double standard… - Consequently, in the interwar years we shifted from military intervention to other methods: Pan-Americanism, support for local leaders, training nat’l guards, economic/cultural power, etc. E/t this didn’t start w/him, 214 FDR wrapped it up nicely in 1...
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