2 SELLING LATIN AMERICA 
To-day the United States consumes all of 
these exports, while the requirements of the 
three countries are supplied by America, 
which also does their financing through banks 
organized in these possessions, and capitalized 
with American money. To be more specific 
and by way of a concrete example let me men 
tion Cuba, which in 1913 exported $165,000,- 
000 worth of products, all but 15 per cent, 
of which was taken by the United States, the 
amount shipped to Spain being about four- 
tenths of one per cent. During the same 
period of time she imported goods to the value 
of $132,000,000 of which we supplied 65 per 
cent, against Spain’s 8 per cent. Since 1902, 
Cuba’s foreign commerce has increased 250 
per cent., due absolutely to the part played by 
the United States in the Spanish-American 
war. The same condition of affairs in ex 
ports, imports and other lines is equally true, 
although not on such a large scale, of course, 
of the Philippines and Porto Rico. 
The Napoleonic wars gave to England the 
strong position she now occupies in the finan