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Canada alone exceed by $200 millions total exports to South
America.
While all this trade would not disappear with the defect of
Britain and the downfall of the Empire, it can certainly be anticipated
that every effort would be made by the victors to divert Europe's
purchases to totalitarian sources of supply, and the vastly increased
prestige and power of the dictator States would be fully utilized
to curtail American sales to Latin America and the Far East.
Furthermore, the United States at such time would be primarily
preoccupied with military measures and would be handicapped in
promoting its own overseas commerce. The defeat of Britain and
France would give such an impetus to the German system of government
controlled foreign trade that, in self defense, a parallel system
would have to be adopted in the Untied States. It would not be
an exaggeration, therefore, to say that the downfall of the British
Empire would cut American exports at least 50 percent in volume.
It is estimated that approximately 3 million American workers
are directly engaged in producing for the export trade. Half
of the cotton, a third of