Unveiling the U.S. State with the Largest Brazilian Community

Vargas was like, "Yo, the military talks with Truman's crew better come with some major support for my economic projects, ya feel me?"

 OMG, like in December 1950, they were all like "let's sign an agreement, fam" and they made this Joint Brazil-United States Commission (CMBEU) happen. Lit, right? Like, this commission had the job of coming up with projects to boost the economy and get money from the American Eximbank. It was made up of government peeps and cool tech and business folks who wanted to make sure we had long-term ways to grow the economy. The idea of a bank was like, totally planned to flex and bring together all the outside and inside resources to fund the 41 projects that got the green light from the Joint Commission, with a bunch of them being all about transportation and energy, you know?


OMG, like in 1952, things got hella messy cuz of CMBEU. The Brazilian gov decided to be all strict and not let people send money or bring back their cash. And guess what? The American gov got mad and tensions went through the roof. SMH. So like, this whole situation had a bunch of extra problems: the Korean War boom ending, which was like, great for Brazil's exports; the Eisenhower administration not caring about economic development stuff; the multilateral credit agencies, especially the World Bank, being all tough and stuff; and Brazil owing a bunch of money to the United States. In dis context, Vargas submitted to Congress, in February 1952, da draft bill to create da National Economic Development Bank (BNDE), approved four months later. OMG, like, getting that cash flow from the US was hella hard during Eisenhower's time (1953-61). The American gov's total lack of willingness to flex their BIRD and Eximbank resources for development projects in Brazil straight up caused the Joint Commission to get yeeted in December 1953. Since then, the economic vibes between Brazil and the United States were lowkey just about trade stuff. Despite this major plot twist, the Brazilian gov was like, "let's still go ahead with the creation of BNDE and get that internal resource bag."

Vargas's suicide in August 1954 caused major chaos in Brazil, with vibes spreading worldwide.

 

In his Letter-Will, Getúlio spilled the tea about the international pressures (ya know, from the US) being one of the reasons why he pulled off such a dramatic move. It just shows how his government was dealing with both internal and external issues, fam. After the political interlude between this tragic event and the presidential elections held in October 1955, the Juscelino Kubitschek government (1955-60) totally blessed Brazil with a sick cycle of political stability and economic development. It was lit, fam! As prez-elect, Kubitschek jetted off to the US and the major Euro cities to flex for support on his lit development mission. His vibes were all about changing up the convo with the US, while still keeping Brazil's commitments on point. The military links between the two countries kept the vibes strong when it comes to defense policies, ya know? OMG, like, in this context, they were totally negotiating to set up an American outpost on Fernando de Noronha Island to, like, observe guided rockets. And, like, they also signed an agreement on civilian uses of atomic energy, which, like, included supplying enriched uranium for building reactors in Brazil. How cool is that?Yo, multilateral forums be hella important for spreading the new priorities of Brazilian foreign policy, ya feel me? OMG, at the 1958 General Assembly of the United Nations, they were like all about this regional vibe for Latin American development. It was like a total announcement, you know? Without being all like, avoiding the political stuff that connected Brazil to the American vibe, development was like promoted as a tool for hemispheric security. The Pan-Am OPA was like the biggest flex of the Kubitschek government, you know? 

OMG, so like, the Brazilian prez sent a letter to prez Eisenhower in May 1958 and got mad love from all the Latin American countries. Lit! 


In Brazil, OPA was, like, a sick project thought up by the prez himself, with the support of Itamaraty and his squad, especially Augusto Frederico Schmidt, who totally had his back and defended the idea in a bunch of multi-lateral forums. OPA had mad recs, like investing in the back areas of the continent, tech assistance programs, protecting commodity prices, and getting resources from intl financing agencies to fight underdev. So, like, this Committee of 21 was totally made in the OAS to check out how to make it happen, which led to the birth of the Inter-American Development Bank (IDB).This is like the first big move to promote development within the inter-American community, you know?
OMG, like when the Cuban revolution happened, the US was so shook about Communism spreading in Latin America. It became their top priority and totally took over the whole hemispheric agenda. This switch totally yeeted the OPA, like it was gone in a hot sec. At the same time, the Kennedy administration was like, "Yo, we got our own plan to handle the Latin American economic situation." They dropped it in March 1961, and it was lit.

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