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Word Count: 426
The United States entered the arena of capitalism as a world power after the Spanish-American War in 1898 After having routed Spain the United States secured undisputed control of the American Mediterranean -- the Gulf of Mexico and the Caribbean Puerto Rico was annexed A protectorate was established over Cuba In Cuba there is invested about 1000000000 of American capital in the sugar industry alone This is 60 percent of the total capitalization of the sugar industry Fully 85 percent of the capital invested in the Cuban railways is American One-third of Cubas imports is edible and more than half of that third comes from the United States According to the last reports of the Department of Commerce Cuba has outstripped Japan as our second Turning to the Pacific the Yankee imperialists annexed in quick order the Philippines Guam and Hawaii In the Philippines the American imperialists have a territory the size of the Kingdom of Italy and with a population greater than that of Canada or Hungary Sixty-five percent of the foreign commerce of the Philippines is done with this country Close to 300000000 of American capital is invested in these islands which are teeming with natural resources and are only three days away from China the richest and cheapest labor mine in the world They are the gateway of American capital to the prize market of the Far East where 800000000 Then followed the complete domination by the United states thru the successful engineering of the revolt of Panama against the Republic of Colombia Having secured general supervision of the new government and unrestricted control of the Canal Zone the American capitalists proceeded to establish their hegemony over Nicaragua and mastery
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