- Headline
-
Free Movement Of Goods Is Hope Of Latin America
- Sub-Headline
- Plans for Helping People Get More Money and Spending It More Freely Expected to Bring Relief to Ailments of Western Hemisphere.
- Publication Date
- Tuesday, July 18, 1933
- Historical Event
-
“Repatriation” of Mexican Americans and Mexican nationals continues
This database includes 249 articles about this event - Article Type
- Newspaper
- Page Section and Number
- 10
- Author/Byline
- AP
- Article Text
- (What is the world doing, nation by nation and people by people, to conquer the depression? What is Turkey's problem, and Italy's and Finland's and Brazil's? And what special measures are these and other nations taking to solve these problems? The Associated Press has asked its correspondents in other lands for the answers. Their findings are the basis of three special news stories, prepared by A. D. Stefferud, Associated Press cable editor, the first of which, dealing with the Americas, follows.—Editor.)
* * *
(Copyright, 1933, by The Associated Press.)
For its ailments the nations of the world have been taking the pills of public works, industrial control, and stimulation of consumption; and they are beginning to feel somewhat better.
From the world economic conference a complete diagnosis and a major operation on tariffs, debts, over-production and sluggish money were expected, but with the impending adjournment of that consultation the nations are ready to proceed with the recovery programs they started six months ago.
These consist mostly of plans for helping people get more money and spending it more freely, and schemes involving the outlay of billions for construction projects, the prevention of overproduction, creation of demands for certain commodities, and the like.
Governmental supervision of industries ranks high among these panaceas.
President Roosevelt's new deal has set an example, at least for speed, for many late developments in anti-depression programs. In its success depends the hopes of several nations on the American continents, even more perhaps than those of European countries. The debt problem in South America, particularly, is a major one and in its solution by a freer movement of goods between American nations, lies the well-being of a good portion of this hemisphere, it is generally agreed.
ARGENTINA—Argentina is one of them. In that country recovery efforts center principally in commercial negotiations with Great Britain, Chile and Italy, with similar dealings in prospect with the United States and Brazil.
Argentina feels the solution to its depression lies in the welfare of other nations, particularly the United States.
CHILE—In Chile, too, recovery in the United States is considered important.
Chile is seeking to overcome difficulties arising from foreign indebtedness, decreases in exports, and troubles in the nitrate industry.
The dissolution of the nitrate corporation of Chile, the $300,000,000 producer - government cooperative combine[sic], put sales abroad on an uncertain basis.
To overcome this situation, the government recently extended for two years a moratorium on foreign debts, including those of railroads, municipalities, and the mortgage credit bank.
Vineyardists in Chile look for help to the United States because of the new beer and wine market.
BRAZIL—Somewhat similar conditions obtain in Brazil, with coffee the Enfant Terrible.
Brazil is trying hard to solve a tangle resulting from depreciated money, lack of exchange, foreign debt service, overproduction of coffee, domestic taxation and high tariffs.
As forward steps the Brazilian government has initiated studies for the downward revision of tariffs, preparation of a preliminary plan for the nationalization of foreign debts, and examination of the exchange situation.
That nation, which cherishes its coffee market in the United States, is willing to enter a reciprocity agreement with the latter country.
Another suggested solution is the conversion of state debts into milreis at a lower rate of interest than the current level. A new long-term credit policy is being studied.
As in several countries, a governmental decree limits the amount of imported wheat millers may use in flour. Encouragement is given the growing citrus industry. Hopes also attach to a projected enlargement of the mining of nickel ore.
MEXICO — Repatriation of nationals is one of the chief depression problems facing the Mexican government. More than 300,000 Mexicans, it is estimated, have come streaming back from the United States since 1929.
Mexico has welcomed its returning sons and daughters because they bring back advanced ideas of commerce and farming, and the government has placed many of them in agricultural colonies.
Work on the Mexico-Laredo highway, a national theater in the capital, several irrigation projects, and new government buildings have absorbed many otherwise idle men.
A rise in silver prices has made possible the reopening of mines.
CUBA—Is making strong efforts in Washington and London in favor of a sugar agreement for balancing supply and demand. In Washington, Dr. Eugenio Molinet, Cuba's secretary of agriculture, and a staff of five experts are trying to coordinate plans with American sugar growers and refiners for distributon[sic] in the American markets by means of fixed quotas.
Meanwhile, Dr. Orestes Ferrara, Cuban secretary of state, also is advancing a plan for sugar production and marketing.
As a practical way of getting money into circulation, the Cuban government in the last two years has coined more than $9,000,000 in silver currency. The government also has reduced its budget.
CANADA—Reports from Canada are optimistic.
An increase in employment and in industry is indicated. New life in the gold mining industry has aroused enthusiasm. Government projects include highway building and similar public works. The wheat situation, however, is a fly in the ointment, but hopes are high that the larger production countries will agree on a restriction plan.
(The second of this series will deal with anti-depression activities of European countries.) - History Unfolded Contributor
- Jeremy M.
- Location of Research
- Newspapers.com (https://www.newspapers.com)
Learn More about this Historical Event: “Repatriation” of Mexican Americans and Mexican nationals continues
- Anthony Acevedo, a Mexican-American deportee, and US Army medic held POW at Berga (Americans and the Holocaust online exhibition)
- America’s Forgotten History of Mexican-American ‘Repatriation’ (NPR interview with Francisco Balderrama)
- Mexican Americans and Repatriation (Texas State Historical Association)
- Aqui Estamos y No Nos Vamos / Fighting Mexican Removal Since the 1930s (Boyle Heights Museum)
- INS Records for 1930s Mexican Repatriation (U.S. Citizenship and Immigration Services)
- Texas’ Mass Mexican Deportation (Think; KERA interview with Melita M. Garza)
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