Foreign Policy
...ors." President Roosevelt wanted the world to know that the United States had no predatory ambitions, and that his main goal was peace. Roosevelt abandoned the Platt Amendment, which gave the US the right to intervene in the internal affairs of Cuba. He also withdrew the American Marines from Haiti and gave up the US claim to intervene unilaterally in Panama. Economically, the US was still heavily involved in Latin American affairs because of large investments in Latin America. The United Fruit Company, an American company, was the largest landowner, exporter, and employer in Guatemala. The company also built roads and railroads, and helped link these areas with the world economy. The US companies had investments in the products of Latin America such as bananas and coffee. The United States negatively affected Latin American countries during the Depression because prices for food products dropped to increasingly lower levels. Due to investments, the United States was still strongly linked to Latin America’s economy. The United States intervened in Nicaragua throughout the 1920s and 1930s when they refused to recognize Chamorro as president. Hoover sent the U.S. Marines to protect American commercial interests. The United States fought to help the Nicaraguans instead of trying to take over. The Marines worked together with General Somoza to try to defeat Sandino and create a better government for the Nicaraguans. Another line of events connected with the Good Neighbor policy took place in Mexico when their president attempted to take government control over the nation’s oil industry. This created an uproar because U.S. oil companies owned and operated on their pr...