In the Latin-American arena last week the U.S. fist smashed full into the Axis face. The sparring for the goods and good will of a continent was over. A Roosevelt proclamation made it total economic war. Some 1,800 firms and individuals in business from Rio Grande to Cape Horn were publicly declared to be Axis-owned or Axis-aiding, put on a blacklist. From now on none of these firms can receive U.S. goods. All their assets and credits in the U.S. are frozen.
Throughout Latin America, the blacklist meant an uprooting of long-established commercial relations. Great German firms like Agfa, Bayer and...
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