Word: peronization
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Some time before the election of Juan Domingo Peron to the Argentine Presidency, the U.S. State Department decided that a Peronista government was intolerable to American interests. Working from this premise, Spruille Braden issued the famous Blue Book, which catalogued the Nazi leanings of the Strong Man and the wartime sins of his militarist clique. The Blue Book failed miserably to swing Argentine opinion, while at the same time it boomeranged toward its authors the old cries of "Yanqui interference" that have plagued our dealings with Latin America for a century. The failure of the Braden experiment seems to point...
...highlighted the edgy mood of British businessmen, who of late have noted a stiffening in the Argentine official attitude toward British investment. So long as Argentina got the icy treatment from the U.S., the Farrell military government leaned over backward to be friendly. British investors, reconciled to expropriation under Peron's plan for taking over foreign interests, still hoped for fat payments. But now that the U.S. and Argentina seemed likely to patch up their differences, the Argentines were getting tougher...
...British have other advantages: the spunk that pushed friendly trade; the spunk that pushed British South American Airways across the South Atlantic ahead of other nations (TIME, April 1); ?150,000,000 of war-accumulated credits that Argentines can most conveniently spend in England; and the conviction that Peron will be smart enough to look beyond 1946 to years when Argentina will be glad of the traditional British appetite for Argentine roast beef. Such considerations, with Argentina's sticky domestic finances, suggested that Britain's $2-billion investment in the Argentine would take a lot of liquidating...
...State Sumner Welles in his New York Herald Tribune column: "For over two years I have warned that the policy of the Department of State would arouse popular support for the military leaders and weaken [Argentina's] liberal and democratic forces. [This policy] helped to bring about [Peron's] triumph...
This week the State Department tried to get out of its dilemma. Secretary of State James Byrnes, saying he spoke for a majority of the American republics, offered to include Argentina in the pact as soon as Peron wiped out the "Axis influences" in his country. We wanted "deeds and not merely promises," huffed Jimmy Byrnes...