"As we have seen, the Depression caused radical changes in economic policy in most countries, but radical changes in political and legal arrangements in only some. The sub-set of countries that also radically altered their foreign policies was smaller still. Most responded to the crisis as Britain and the United States did, by seeking as far as possible to avoid external conflicts. In his inaugural address in 1933, Roosevelt promised to base US foreign policy on the 'good neighbor' principle, winding up his predecessors' interventions in Central America and the Caribbean and preparing the ground for the independence of the Philippines. This was as much out of parsimony as altruism; the assumption was that the cost of fighting unemployment at home ruled out further expenditures on small wars abroad. Even the majority of authoritarian regimes were quite content to persecute internal enemies and bicker with their neighbours over borders. Stalin had no strong interest in the acquisition of more territory; he already possessed a vast empire. Military dictators like Franco were more likely to wage civil war than inter-state war; as a conservative he understood that foreign wars ultimately helped domestic revolutionaries. Only three countries aspired to territorial expansion and war as a means to achieve it. They were Italy, Germany and Japan. Their dreams of empire were the proximate cause of the multiple wars we know as the Second World War. As we shall see, however, those dreams were far from being irrational responses to the Depression."
Foreign policy

January 1, 1970

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