Outcome
The United States responded by: establishing rubber plantations in territories under its control; conducting research into rubber-producing plants that thrive in the United States' climate; and reinvigorated efforts to replace natural rubber in tires with a synthetic. In the Fordlandia venture, Henry Ford failed in an attempt to produce rubber in Brazil. The Goodyear Tire and Rubber Company developed plantations in the Philippines and Costa Rica and Harvey Firestone developed plantations in Liberia.
Research into synthetic rubber was limited by lack of knowledge of the chemical structure of rubber compounds until after 1945. DuPont had developed neoprene in the 1920s in response to the Stevenson Plan, but neoprene was too costly for making tires. During this period the International Rubber Research & Development Board and the Research Association of British Rubber Manufacturers were founded.
Read more about this topic: International Rubber Regulation Agreement
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