Hoover Administration - Foreign Issues

Foreign Issues

When Hoover first assumed the presidency, he was highly optimistic concerning international affairs. U.S. capital not only underwrote much of Europe's prosperity but that of Latin America as well. Asia was experiencing greater turmoil, particularly as China's efforts to gain both unity and genuine autonomy left much instability in its wake. Japan appeared more focused on economic expansion than on territorial conquest.

Even the existence of a nation-state dedicated to Communism did not appear that alarming. Ever since the Bolshevik Revolution took place in October 1917, the U.S. had refused to recognize Russia's Communist government. Possessing an ideological abhorrence to the regime, Hoover strongly supported U.S. policy of his predecessors. He did, however, tacitly support indirect financing of U.S. exports to the Soviet state.

Of course, few realized that the world was on the verge of a depression so...

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