When the leftist Mexican government seized American oil holdings in 1938, Franklin Roosevelt

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Franklin Roosevelt worked out an acceptable settlement that avoided war. Although Roosevelt was initially surprised and angered by the Mexican government's actions, he ultimately chose to pursue a peaceful resolution rather than resorting to military force or economic retaliation. He negotiated a settlement that provided compensation for the American oil companies and helped to resolve the dispute without disrupting broader diplomatic relations between the two countries.

When the Leftist Mexican Government Seized American Oil Holdings in 1938