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Europe. The very strength and prestige of the victorious totalitarian 
      states would result in an internal situation in the United States 
      which could be exploited by elements in collusion with the Dictator 
      Powers.
 
      
 
 
Today the Untied States, with a population of 130 millions 
      and its vast wealth and resources, holds the balance of power 
      in the world. The defeat of the British Empire would mean the 
      disappearance of this predominant role. Vast as are American 
      resources they might well be less than those of a totalitarian 
      world in arms.
 
      
 
 
Finally, the huge and unprofitable expenditure upon armaments 
      and the consequent taxation, together with the necessary national 
      regimentation for defense, would inevitably mean the destruction 
      of the American form of Government as at present conceived, in 
      the every effort to defend the country from alien authoritarian 
      forms of control.
 
      
 
 
3. The Economic Effects
 
      
 
 
Out of the total American exports the British Empire took 
      43 percent in 1936 and 40 percent in 1937. Exports taken by the 
      United Kingdom or by Canada