feb 18, 1933 - Good Neighbor
Description:
FDR took giant steps away from TR's Yankee Imperialism by publicly pledging (in his 1933 inaugural address) the U.S. to be a good neighbor rather than a bully in Latin America. In late 1933, the U.S. renounced armed intervention in the region and the Roosevelt corollary. Evidently he meant it as Marines were withdrawn from Haiti and U.S. grip was loosened in Cuba and Panama. The U.S. even refrained from intervention when Mexico nationalized its oil in the face of U.S. corporate oil interests.
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