You are here

FAU Collections » FAU Research Repository » FAU Theses and Dissertations

FORGING THE ALLIANCE FOR PROGRESS: VENEZUELA, THE UNITED STATES, AND THE BOUNTY OF OIL, 1957-1963

Download pdf | Full Screen View

Date Issued:
2024
Abstract/Description:
This thesis analyses the foreign economic policies of the Eisenhower and Kennedy administration toward Venezuela from 1957 to 1963. By examining material from U.S. diplomatic document collections, my research intervenes in the historiography of the Alliance for Progress by demonstrating the failures of U.S. policy in Venezuela during the Latin American Cold War. Although the United States supported the democratic government of Rómulo Betancourt politically, it hamstrung his government economically. The Kennedy administration at first provided loans for economic development to Venezuela, though they quickly eliminated this aid and began prioritizing military assistance as the most efficient way of supporting Betancourt’s government. More importantly, by continually limiting imports of Venezuelan oil into the United States, both the Eisenhower and Kennedy administrations hurt Venezuela’s economy and caused Betancourt to face a crisis of legitimacy as his capacity to manage the nation’s natural wealth came into question.
Title: FORGING THE ALLIANCE FOR PROGRESS: VENEZUELA, THE UNITED STATES, AND THE BOUNTY OF OIL, 1957-1963.
16 views
6 downloads
Name(s): Aristeguieta, Leandro Simón Pirela, author
Weinberg, Eyal , Thesis advisor
Florida Atlantic University, Degree grantor
Department of History
Dorothy F. Schmidt College of Arts and Letters
Type of Resource: text
Genre: Electronic Thesis Or Dissertation
Date Created: 2024
Date Issued: 2024
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Fla.
Physical Form: application/pdf
Extent: 142 p.
Language(s): English
Abstract/Description: This thesis analyses the foreign economic policies of the Eisenhower and Kennedy administration toward Venezuela from 1957 to 1963. By examining material from U.S. diplomatic document collections, my research intervenes in the historiography of the Alliance for Progress by demonstrating the failures of U.S. policy in Venezuela during the Latin American Cold War. Although the United States supported the democratic government of Rómulo Betancourt politically, it hamstrung his government economically. The Kennedy administration at first provided loans for economic development to Venezuela, though they quickly eliminated this aid and began prioritizing military assistance as the most efficient way of supporting Betancourt’s government. More importantly, by continually limiting imports of Venezuelan oil into the United States, both the Eisenhower and Kennedy administrations hurt Venezuela’s economy and caused Betancourt to face a crisis of legitimacy as his capacity to manage the nation’s natural wealth came into question.
Identifier: FA00014368 (IID)
Degree granted: Thesis (MA)--Florida Atlantic University, 2024.
Collection: FAU Electronic Theses and Dissertations Collection
Note(s): Includes bibliography.
Subject(s): International economic relations
Eisenhower, Dwight D. (Dwight David), 1890-1969
Kennedy, John F. (John Fitzgerald), 1917-1963
Venezuela
Historiography
Persistent Link to This Record: http://purl.flvc.org/fau/fd/FA00014368
Use and Reproduction: Copyright © is held by the author with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
Use and Reproduction: http://rightsstatements.org/vocab/InC/1.0/
Host Institution: FAU