Abstract
The debate over the granting of petroleum concessions to foreign enterprise was one of the most significant areas of contact between the United States and Colombia after World War I. The official United States response to the plight of American interests involved in the development of the Barco concession exemplifies the nature of United States Latin American policy in the transition from the Coolidge to the Hoover administration. State Department actions in the Barco instance underline the growing awareness in American circles of the need to fashion a policy which would protect American enterprise as well as the principle of foreign investment against nationalist sentiment in Latin America.
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