13 May 2013
Historically, relations between Latin America and the United States have been complex, yet constantly evolving. During the 1960s, political changes and social movements challenged the structural basis of United States’ hegemony in the hemisphere. The election of Salvador Allende in Chile, the arrival of Peronism in Argentina, and the development of relations between nationalist governments of the time such as Peru, Bolivia, and Mexico became an obstacle for the United States.
Washington re-established its power in the 1970s by revoking any policy that interfered with U.S. interests in the region by supporting military figures. The United States needed to suppress every nationalist, socialist democratic and popular movement, over fears of the spread of Communism in its backyard. Dictatorships secured financial support through easy access to loans from the World Bank and the International Monetary Fund. The economic support from United States for certain loyal groups brought great inequalities, unemployment, and poverty in the region.