COLD WAR ERA
IMPACT OF COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -The United States remains Nicaragua’s top economic partner, buying 50 percent of Nicaraguan exports and supplying 27 percent of its imports, and sending 67 percent of its remittances. Total (two-way) goods trade between the two countries was $6.8 billion in 2021.
Detailed explanation-2: -The United States occupation of Nicaragua from 1912 to 1933 was part of the Banana Wars, when the U.S. military invaded various Latin American countries from 1898 to 1934. The formal occupation began in 1912, even though there were various other assaults by the U.S. in Nicaragua throughout this period.
Detailed explanation-3: -In July 1912, Daz’s political rival, the Minister of War, Luis Mena, began a revolt to seize power. Although he had already won election to succeed to the presidency in 1913, Mena was uncertain of securing U.S. backing. Diaz asked the U.S. Government to intervene in order to secure the property of U.S. citizens.
Detailed explanation-4: -The United States Government (USG) has provided approximately $2.5 billion in development assistance to Nicaragua, mainly through the United States Agency for International Development (USAID).