Report Outline
Current U.S. Controversy With Peru
Reasons for Rise of Latin Nationalism
Elements of a U.S.-Latin Accommodation
Special Focus
Current U.S. Controversy With Peru
Threatened Loss of Foreign Aid and Sugar Quota
Unless a face-saving device is found at the last moment, President Nixon must cut off American aid to Peru on April 4 and suspend that country's lucrative U. S. sugar quota on April 9. As matters now stand, the President has virtually no choice. He is required by law to take the foregoing steps in retaliation for Peru's expropriation of American-owned property, Oct. 4, 1968, without adequate compensation.
Up to now, the Peruvian government has shown little inclination to ease the crisis by offering to make some kind of reasonable settlement with the International Petroleum Co., a subsidiary of Standard Oil of New Jersey. On the contrary, the Peruvians have escalated the crisis. Their latest move, the presentation to I.P.C. on March 23 of an additional bill for delinquent taxes, brought to over $1 billion the total amount claimed from the company. By contrast, the Peruvian government has valued the seized properties at only $71 million.
As the clock ticks toward the two deadlines, several other Latin American nations are quietly lining up with Peru. United States businessmen with interests in Latin America no longer find comfort in the view that the Peruvian affair is an isolated case. For the evidence is that this country is in for trouble all over Latin America. The Peruvian crisis has revealed a strong undercurrent of hostility there. By openly defying the United States, Peru's military leaders have brought into the open more than a century of accumulated antagonism toward “imperialist exploiters,” mainly in the form of U. S. businessmen. A strong sentiment of economic nationalism, based on fear of domination by foreign—especially American—interests, pervades the Latin nations. |
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Sep. 14, 2018 |
Turmoil in Central America |
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Jun. 05, 2012 |
China in Latin America |
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Mar. 2008 |
The New Latin America |
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Jul. 21, 2006 |
Change in Latin America |
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Mar. 14, 2003 |
Trouble in South America |
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Nov. 09, 2001 |
U.S.- Mexico Relations |
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Sep. 19, 1997 |
Mexico's Future |
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Jul. 19, 1991 |
Mexico's Emergence |
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May 05, 1989 |
New Approach to Central America |
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Mar. 06, 1987 |
Soviets' Latin Influence |
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Dec. 26, 1986 |
Pinochet's Chile |
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Nov. 08, 1985 |
Troubled Mexico |
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Apr. 10, 1981 |
Latin American Challenges |
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May 05, 1978 |
Central America and the U.S.A. |
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Sep. 23, 1977 |
Mexican-U.S. Relations |
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Jun. 04, 1976 |
Relations with Latin America |
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Oct. 21, 1970 |
Chile's Embattled Democracy |
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Jun. 24, 1970 |
Mexico's Election and the Continuing Revolution |
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Apr. 02, 1969 |
Economic Nationalism in Latin America |
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Jul. 19, 1967 |
Guerrilla Movements in Latin America |
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Dec. 28, 1966 |
Militarism in Latin America |
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Oct. 20, 1965 |
Common Market for Latin America |
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Aug. 04, 1965 |
Smoldering Colombia |
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Jun. 23, 1965 |
Inter-American Peacekeeping |
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Dec. 11, 1963 |
Progress of the Alianza |
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Oct. 05, 1962 |
Arms Aid to Latin America |
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Dec. 13, 1961 |
Land and Tax Reform in Latin America |
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Jul. 26, 1961 |
Commodity Agreements for Latin America |
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Jan. 11, 1961 |
Revolution in the Western Hemisphere |
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Feb. 10, 1960 |
Inter-American System |
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Feb. 10, 1960 |
Inter-American System |
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Jan. 13, 1960 |
Expropriation in Latin America |
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Jul. 02, 1958 |
Economic Relations with Latin America |
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Mar. 02, 1954 |
Communism in Latin America |
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Jun. 20, 1952 |
Political Unrest in Latin America |
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Sep. 18, 1950 |
War Aid from Latin America |
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Oct. 31, 1947 |
Arming the Americas |
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Jul. 24, 1946 |
Inter-American Security |
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Jan. 02, 1942 |
Latin America and the War |
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Jul. 10, 1941 |
Export Surpluses and Import Needs of South America |
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Jun. 04, 1941 |
Economic Defense of Latin America |
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Jun. 25, 1940 |
Politics in Mexico |
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Nov. 01, 1939 |
Pan American Political Relations |
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Oct. 10, 1939 |
United States Trade with Latin America |
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Apr. 07, 1938 |
Protection of American Interests in Mexico |
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Mar. 04, 1936 |
Peace Machinery in the Americas |
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Sep. 27, 1933 |
Trade Relations with Latin America |
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Oct. 16, 1928 |
Pan American Arbitration Conference |
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Jan. 12, 1928 |
The Sixth Pan American Conference |
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Jan. 10, 1927 |
American Policy in Nicaragua |
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Dec. 27, 1926 |
Relations Between Mexico and the United States |
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