States only 11 per cent of its imports. Argentina, with a larger foreign
trade than either Japan or China, bought only 14 per cent of its imports
from the United States. With the exception of Mexico, the foreign
commerce of the Latin-American states with European countries has
increased more rapidly than with the United States. Various reasons have
been given for this situation. The sensitive South American resents the
air of superiority assumed toward them by the people of the United
States. In our newspapers there is a seeming disregard for the real
evidences of their national development. Revolutions and boundary
disputes have been exaggerated. In general, citizens of the United