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Somoza and RooseveltGood Neighbour Diplomacy in Nicaragua, 1933-1945$
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Andrew Crawley

Print publication date: 2007

Print ISBN-13: 9780199212651

Published to Oxford Scholarship Online: January 2010

DOI: 10.1093/acprof:oso/9780199212651.001.0001

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Good Neighbour Economics in Nicaragua, 1933–1936

Good Neighbour Economics in Nicaragua, 1933–1936

(p.72) 3 Good Neighbour Economics in Nicaragua, 1933–1936
Somoza and Roosevelt


Oxford University Press

This chapter discusses good neighbour economics that existed between US and Nicaragua between 1933-1936. The depression shifted US attention from purely political matters to economics; this prompted the US to reconsider its existing trade agreement with Nicaragua, in favour of the US. The Nicaraguan president Sacasa went to Congress and lobbied for a proposed accord in which Nicaragua would cut duties on nine US exports and bind the rates on another fifteen, in return for which Nicaragua was granted one tariff cut (on Peru balsam) and the nine items that constituted 90% of its exports to the United States were allowed to remain on the free list. Sacasa agreed to the treaty in an attempt to gain the favour of Washington.

Keywords:   Nicaragua, tariff cut, Sacasa, US exports, Washington, depression, trade agreement, duties

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