CAS IR 349 Lecture Notes - Lecture 15: Carlos Saavedra Lamas, Economic Advisory Committee, Cordell Hull
3 Nov 2017
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Lecture 15: the inter-american region in the 1930s. The advent of the good neighbor policy : prelude to reform in the hoover years, president herbert hoover (1929-1933, under his administration, the us reviewed and moved towards changing its latin. Companies refuse to abide by court decision in favor of unions: mexico asserts its sovereignty (march 18, 1938, mexican president lazaro cardenas announces the expropriation of the properties of. American, british, and dutch oil companies: oil companies organize boycott, the us ambassador predicts that without markets, the mexicans would be drowned in their own oil and the expropriation would fail, boycott fails, mexico wins. We"ll be happy to buy whatever you want to sell us, say the governments of the axis powers. In 1941, just before pearl harbor, mexico agrees to pay compensation to the oil companies, but it now controls its oil industry: the us and britain eagerly purchase mexican oil.
