Dan Seitz

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Germany’s urgent drive to increase its imports of cotton and coffee allowed Rio to extricate itself from Cordell Hull’s vision of a hemispheric free trade zone.70 Indeed, such was American concern about the growing German influence in Brazil that Rio was able to follow Germany in defaulting on its large debts to the United States, without having to fear aggressive retaliation from Washington.
The Wages of Destruction: The Making and Breaking of the Nazi Economy
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