MEXICO: Peso Diplomacy

The flight of a young man to Mexico City lost none of its pristine glamour, last week; but from his lone, receding plane the deft hand of U. S. Ambassador Dwight Whitney Morrow conjured an achievement in statecraft. Under his suave persuasion the President of Mexico embarked on a new policy of "peso diplomacy"—a policy which could scarcely have been launched had not Ambassador Morrow given Mexicans the emotional treat of "going Lindbergh."

What President Plutarco Elias Calles did was to scrap the first of two ideals which were originally envisioned...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!