Under the guise of protecting the weaker nations of South and Central America, the United States has assumed the undisputed hegemony over this territory. The Pan-American Union growing out of the Monroe Doctrine is completely dominated by American imperialists.

The rule of dollar democracy by our financiers and industrialists at home has been translated into a regime of dollar diplomacy abroad and in our vast colonial possessions. American democracy now truly rests upon a monarchy of gold and an aristocracy of finance.