Saturday, April 19, 2014

Blog post #7




               In the Bulletin of the Pan American Union, there was a growing concern about the unfavorable balance of trade between the United States and Latin America. The agreed upon situation was that Latin America would produce primary goods and export them to the United States, with the profits from the exports, they would import manufactured goods from Europe. Trade with Latin America was seen as a money drain on the United States. Examples of this opinion can be found in experts of the time like the former director of the Pan American Union before John Barrett. He claimed that the United States only accounted for one fourth of Latin American trade and that Latin Americans need to start buying manufactured goods in the United States.

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