Latin America in 1960, the U.S. decided to support an attack on Cuba by anti-Castro rebels. The Bay of Pigs invasion was an unsuccessful invasion of Cuba in 1961, financed by the U.S. through the CIA, to overthrow Fidel Castro. The incident proved to be very embarrassing for the new Kennedy administration. President John F. Kennedy initiated the Alliance for Progress in 1961, to establish economic cooperation between the U.S. and Latin America. The Alliance would provide $20 billion for reform in Latin America, and counterinsurgency measures. Instead, the reform failed because of the simplistic theory that guided it and the lack
Friends of Democratic Cuba after the FDC [Friends of Democratic Cuba] was created, it was put out of business by strong criticism from prominent Cubans. There was evidence that the FDC was organized strictly for the personal gain of the promoters." Friends of Democratic Cuba Friends of Democratic Cuba was formed on January 6, 1961 to serve as the fund-raising arm of anti-Castro activist Sergio Arcacha Smith's New Orleans' branch of the Cuban Revolutionary Council (CRC). According to an October 26, 1967 CIA document: "This organization was created by several New Orleans business and political figures, including the deceased former FBI agent, Guy BANISTER,