"Knowledge speaks, but wisdom listens." - Jimi Hendrix

"Obstacles are those scary things you see when you take your eyes off the goal." - Henry Ford

Sunday, March 20, 2011

Foreign Policy Flounderings










57. The US broke the rule of isolationism when it came to events in the Caribbean and in Central America.











58. American troops were pulled out of the Dominican Republic in 1924 but remained in Haiti from 1914 until 1934. Troops had visited Nicaragua since 1909 but were sent back in 1926 where they stayed until 1933.











59. Coolidge avoided a conflict with Mexico through careful diplomacy but was still viewed as imperialistic in Latin America as a whole.













60. The issue of international debt was a complicated tangle private loans, Allied war debts, and German reparation payments.
















61. WW1 had resulted in a change in America's world status by making America a creditor instead of a debtor. Before the war, America had owed $4 billion, after it was owed $16 billion.


















62. The Allies wanted the US to write off its $10 billion in war loans as war costs. The Allies argued for this by saying that the US could pay in cash what they had payed in the lives of their soldiers. The Allies also said that they had helped fuel the boom in America and that America's post war tariffs prevented them from selling the goods necessary to raise the money for the debts.



























































































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