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Otherwise, relationships with other Latin American countries were of minor importance to both sides, consisting mostly of a small amount of trade.Apart from Mexico, there was little migration to the United States and little American financial investment.The US facilitated a revolt that made Panama independent and set up the Panama Canal Zone as an American owned and operated district that was finally returned to Panama in 1979.The Canal opened in 1914 and proved a major factor in world trade.A Pan-American Union was created under American aegis, but it had little impact as did its successor the Organization of American States.As unrest in Cuba escalated in the 1890s, the United States demanded reforms that Spain was unable to accomplish.The Mexican Revolution started in 1911; it alarmed American business interests that had invested in Mexican mines and railways.The United States involvement in the Mexican Revolution, include, among other violations of sovereignty, the ambassadorial backing of a coup and assassination of President Francisco I. Large numbers of Mexicans fled the war-torn revolution into the southwestern United States.
The North American Free Trade Agreement (NAFTA) took effect in 1994 and dramatically increased the volume of trade among Mexico, the United States and Canada. Left-wing governments in nations such as Brazil, Peru, Paraguay, Argentina, and Uruguay during this period were considerably more centrist and neutral. government and most of Latin America were limited prior to the late 1800s, for most of the past century, the U. has unofficially regarded parts of Latin America as within its sphere of influence, and for much of the Cold War (1947-1989), actively vied with the Soviet Union for influence in the Western Hemisphere. Latin America is the largest foreign supplier of oil to the United States and its fastest-growing trading partner, as well as the largest source of drugs and U. immigrants, both documented and otherwise, all of which underline the continually evolving relationship between the two. and most of Latin America (with the exception of certain countries such as Venezuela) are generally cordial, but there remain areas of contention between the two sides.The United States paid special attention to protection of the military approaches to the Panama Canal, including threats by Germany.Repeatedly it seized temporary control of the finances of several countries, especially Haiti and Nicaragua.