Word: brazilians
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Dates: during 1930-1939
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...because in practice the Germans, to get foreign exchange, have ruthlessly resold in other markets the coffee and cocoa they got from Brazil by barter, depressing prices at the expense of Brazil's best cash crops. One quick effect of the deal was felt in Wall Street, where Brazilian 1941 8's jumped from...
...nation and potentially the greatest in reserves is Brazil. In recent years Brazil has become a commercial battleground between the U. S. and Nazi Germany, on which the stakes are trade and cultural supremacy. The U. S. might already have lost the war had it not been for a Brazilian campaign squabble in 1930. That fight ended in a revolutionary coup d'état by the two powerful leaders of the State of Rio Grande do Sul: dressy little Getulio Vargas and his backer and right-hand man, handsome, dashing Oswaldo Aranha. Vargas as President, Aranha as Ambassador...
...accord U. S. investors the same treatment as Brazilian investors-an important concession because of the Vargas Government's current trend toward economic nationalism...
...free its foreign exchange for commercial transactions. Here is a country with a large German population, loaded down with Nazi propaganda, which decided that the best hope for economic improvement lay in the establishment of a free exchange market. It means that Germany which has had a steadily growing Brazilian trade through her barter arrangements and use of restricted foreign exchange, will find Brazilian market's open to other countries, especially to the United States...
...follow from this agreement. Close economic ties with Brazil may result in close cultural relations and quite possibly military arrangements. Although the latter were ummentioned in the pact, there has been considerable discussion about making America's armament supplies available for her poorly armed Southern neighbor. Secondly, the Brazilian Pact may set in motion a series of United States, Latin-American trade arrangements that will change the whole complexion of the South American situation. The closer the Pan-American ties become, the less the danger of European totalitarian philosophy, and the brighter the future of freedom and free trade...