<P> Third, tax codes had to be changed to demand "more from those who have most" and land reform was to be implemented . </P> <P> Because of the program, economic assistance to Latin America nearly tripled between fiscal year 1960 and fiscal year 1961 . Between 1962 and 1967 the US supplied $1.4 billion per year to Latin America . If new investment is included, the amount of aid rose to $3.3 billion per year during this timespan while the total amount of aid was roughly $22.3 billion . However, the amount of aid did not equal the net transfer of resources and development as Latin American countries still had to pay off their debt to the US and other first world countries . Additionally, profits from the investments usually returned to the US, with profits frequently exceeding new investment . </P> <P> Economic aid to Latin America dropped sharply in the late 1960s, especially when Richard Nixon entered the White House . </P> <P> In March 1969, the US ambassador to the OAS, William T. Denzer, explained to the House Committee on Foreign Affairs: </P>

What was the outcome of the alliance for progress program answers