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Social Science
Political Science
h the gradual loss of national independence through foreign loans that are given under conditions that are clearly harmful to Latin American sovereignty. North American capitalism wishes to capture the sources of our national wealth and to secure its cont

h the gradual loss of national independence through foreign loans that are given under conditions that are clearly harmful to Latin American sovereignty. North American capitalism wishes to capture the sources of our national wealth and to secure its cont

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"We know that the United States government's long and greedy tentacles extend across the Pacific and the Atlantic, looking to secure financial control over various nations of the South. We know that some Latin American countries—which we will not name to avoid hurt feelings—already live under what could only be described as United States guardianship. The danger is not necessarily annexation or a United States military invasion or a forced territorial surrender, although all of these have taken place in one Latin American country or another. The danger begins with the gradual loss of national independence through foreign loans that are given under conditions that are clearly harmful to Latin American sovereignty. North American capitalism wishes to capture the sources of our national wealth and to secure its control, with the right of intervention to protect its investments and ensure they continue to be profitable. In the meantime, we are allowed the illusion of political independence." Source: José Ingenieros, Argentinian writer and intellectual, speech given at an annual banquet of the Argentinian Writers' Association, 1922 Using the excerpt, respond to parts a, b, and c. a. Identify ONE specific historical example (from any world region) that illustrates the economic processes described in the passage. b. Explain ONE way in which the outside pressures discussed in the passage contributed to Latin America's increasing integration into the global economy of the late nineteenth and early twentieth centuries. c. Explain ONE way in which Ingenieros supports his claim in the last sentence that Latin American countries are "allowed the illusion of political independence."
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