Crucible for Peace: Herbert Hoover, Modernization, and Economic Growth in Latin America

Walker, William O.
January 2006
Diplomatic History;Jan2006, Vol. 30 Issue 1, p83
Academic Journal
The article describes Herbert Hoover's determination to use the economic relationship between the U.S. and Latin America in the public and private realms to promote the cause of peace after the First World War. The author argued that Hoover failed to achieve his coveted objective because of his acceptance of a natural division of labor globally. He identified Latin America in a purely economic sense as potentially a vast marketplace for his country's manufactured and agricultural products, as a source of basic raw materials for industries. In his memoirs Hoover recalled that, although Latin America provided a receptive market for capital from the U.S., some of the loans bankers made to Latin America had been of a dubious quality


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