Money Doctor in Latin America

2021 ◽  
pp. 39-70
Author(s):  
Ivo Maes

Robert Triffin started working at the Board of Governors of the Federal Reserve System in 1942. He worked mainly on Latin America and participated in several missions on monetary and banking reforms. They were part of the Roosevelt administration’s Good Neighbor Policy and imbued by New Deal values. Triffin was an open and multicultural person, with both his Belgian and American background. Moreover, as a progressive Catholic with a strong grounding in economics, he was the ideal person for this new type of monetary reform mission. Triffin emphasized that the aim was to put monetary and banking policy at the service of development objectives previously ignored in central bank legislations. This also reflected a change in economic paradigms, from classical economics to Keynesian economics. During this period Triffin wrote a first important essay on the international monetary system, putting global liquidity at the core of the international monetary system.

1962 ◽  
Vol 4 (1) ◽  
pp. 105-120 ◽  
Author(s):  
Pedro C. M. Teichert

The Cuban revolution has profoundly shaken the economic and political foundation traditional in most of the 20 Latin American republics. The demand by the rest of Latin America for Cuban type reforms has also required a reappraisal of U. S.-Latin American relations, which with the breaking off of diplomatic intercourse between Cuba and the U. S., January 4, 1961, have reached their lowest point since the initiation in the mid 1930's of the Good Neighbor Policy by President Roosevelt. Furthermore, the spread of the Cuban revolution, with its ideals and aspirations for the fulfilment of the age-old political, social, and economic aspirations of the downtrodden masses, is now an imminent threat for the remaining undemocratic Latin American governments. There is no denying the fact that most Latin American countries are still run by an oligarchy of landlords and the military.


Author(s):  
Fernando Purcell ◽  
Camila Gatica

Hollywood, and Disney in particular, played a key role in inter-American relations during the mid-20th century. Hollywood cinema became an important weapon of cultural diplomacy in the context of the Good Neighbor Policy and later during World War II, and it aligned itself with the main diplomatic guidelines issued by Washington. Cinema was widely disseminated throughout Latin America, which helped to consolidate the US message in the region. Thus the close ties between the Hollywood film industry and the State Department is made clear, which became particularly close with regard to Latin America thanks to the creation of the Office of the Coordinator of Inter-American Affairs during the conflict. In this context, the Office of the Coordinator of Inter-American Affairs played a key role in creating a two-way street between Latin American culture and US audiences, as well as presenting the United States as an ally to trust.


2020 ◽  
pp. 35-63
Author(s):  
David F. Schmitz

Upon taking office, Roosevelt was unwilling to risk raising controversial foreign policy issues while implementing the New Deal. He supported the Stimson Doctrine of non-recognition of Japan's conquest of Manchuria, expanding trade to promote recovery, and implementing the Good Neighbor Policy toward Latin America. While the Good Neighbor Policy was designed to bring an end to American intervention in Latin America, Roosevelt cast the policy in global terms. He saw the Good Neighbor as a means to make concrete his internationalist vision for American foreign policy that could be applied elsewhere in the world.


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