Word: chaco
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South America's reaction to the conflict was almost entirely economic, almost entirely bullish. Businessmen, confident that no South American nation would be actively involved, remembering the mints made in the last War, having experienced no real fighting except the Chaco War and revolts in Brazil, saw that their continent would be the world's tuck shop. South America would sell at hot prices all the raw materials which had lain fallow and unproductive in the past decade. War would wipe out with one black stroke all the hobbling economic nostrums of dictators-depreciated currencies, frozen gold stocks...
...Condor of the Andes" was the style his countrymen gave this thoughtful, daring son of a German settler and Bolivian mother after he, in his late twenties, explored the wild Zamucos region. He served brilliantly in the Chaco War, afterwards was high in the military junta. When President Sorzano ruled too long by decree, Lieut. Colonel Busch was the Army's choice to supplant him. Last spring, banking on his enormous prestige with Bolivia's tea-colored masses, he declared a totalitarian State which he insisted derived from neither Germany nor Italy (TIME...
Just then, Paraguay and Bolivia renewed their brawl over the tropical swamp known as the Chaco. In the spirit of the hour both Senate and House hastily authorized President Roosevelt to place an embargo on shipments of arms to both sides in the minor squabble. The League of Nations joined the U. S. in this first attempt to discourage a war by refusing to sell lethal weapons to both combatants. The arms embargo did not stop the fighting...
...German staff officer in Bolivia?-"We had our experience with German officers in the Chaco. We sent them home...
...month Senor Foianini arranged two important treaties that made their extensive exploitation possible. Argentina agreed to permit transportation of Bolivian oil across her territory provided the expropriated fields were not returned to private owners. Paraguay agreed to give Bolivia: 1) a 325-ft. pipeline right-of-way across the Chaco battlefields to the Paraguay River; 2) two free zones for a refinery and a shipping point; 3) a 3O-year monopoly to supply Paraguayan oil requirements; 4) freedom from taxes and levies on shipments from the Bolivian refinery. Since Paraguay uses little oil, main purpose of the treaty...