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Mexico lived in ideal circumstances for industrialization. The conditions that allowed the accelerated growth of the economy were the origin of the import substitution model that Mexico maintained for several decades since the end of the war. Economically, Mexico's actions in World War II cost the country approximately three million dollars. [24]
In 1940, after he expressed his concern to President Franklin D. Roosevelt over Nazi influence in Latin America, Nelson Rockefeller, grandson of Standard Oil tycoon John D. Rockefeller and later U.S. Vice President, was appointed to the new position of Coordinator of Inter-American Affairs (CIAA) in the Office of the Coordinator of Inter-American Affairs (OCIAA).
Mexico supplied labor to the U.S. via the Bracero Program, but its most significant contribution was in its supply of material to fight the war. It received cash payments for its material contributions, which meant that following the war the Mexican treasury had robust reserves. Although a participant in the war, like the U.S., Mexico was not a ...
Mexico formally declared war on the Axis Powers in support of the Allies on May 22, 1942, following losses of oil ships in the Gulf of Mexico, most notably the Potrero del Llano and the Faja de Oro, to German submarine attacks. [1] [2] After its declaration of war, Mexico was active in convincing other Latin American states to support the ...
Mexican guest workers arrive in Los Angeles as part of Mexican participation in World War II via the Bracero Program, freeing U.S. labor to fight overseas. Los Angeles, CA, 1942. Mexico's inward-looking development strategy produced sustained economic growth of 3 to 4 percent and modest 3 percent inflation annually from the 1940s until the 1970s.
On 22 May 1942, Mexico declared war on Germany during World War II. The decision for war was made by Mexican President Manuel Ávila Camacho after German U-boats had destroyed two Mexican oil tankers in the Gulf of Mexico; the SS Potrero del Llano and SS Faja de Oro, both of which were carrying crude oil to the United States.
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Roosevelt's first inaugural address contained just one sentence devoted to foreign policy, indicative of the domestic focus of his first term. [7] The main foreign policy initiative of Roosevelt's first term was what he called the Good Neighbor Policy, which continued the move begun by Calvin Coolidge and Herbert Hoover toward a non-interventionist policy in Latin America.