HIS 1110 Lecture Notes - Lecture 11: Drago Doctrine, Vichy France, Good Neighbor Policy
Document Summary
Earlier in the century, the american"s followed a policy under president taft (1909- Indicated to secure the private economic interest in the usa. America: the reaction to that came from some of the latin states (particularly argentina) There were 2 particular elements: calvo clause. If for example, an american company signed a contract with a. Argentina, the calvo (an argentinian jurist) even if it wasn"t mentioned in the contract, it was implied that the american company would go to local courts before it would go to the us for an intervention. Said from now on, every contract that is signed in latin america has the implication that you will first go to local tribunals. They did not want to see the local jurisdiction ousted: felt that it was vital. Even if we do not mention that clause in a contract, it is implied that there is a calvo clause. Latin america was trying to protect themselves: drago doctrine.
