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Economic Development of Central America Econ. 4200 - Spring 2004 – Dr. Taylor - page 72 / 153

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#4 Economic Decline, War, and the Ascent of the State, 1930 to the 1950s

What important lesson was learned in the Great Depression?

What nation was hit the hardest by the Depression?

What was the general political reaction to the Depression? And in particular…

- in El Salvador?

- in Guatemala?

- in Honduras?

- in Nicaragua?

- in Costa Rica?

Note: The US disapproved of the first four governments despite their strong anti-communist stance. This would change after the Cold War heated up in the post-WWII era.

What was President Franklin Roosevelt's “Good Neighbor” foreign policy?

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