from 1891 to 1920, only ten pages. To offset this defect there
is an excellent chapter on cultural and social progress in the
liberal regime from 1861 to 1891. In a similar manner the
importance of the Balmaceda era is sacrificed for more room
for the Alessandri era and the "Reformist Drive," 1925-1931.
Those interested in recent developments may be disappointed in
the little space provided for the Popular Front and its work,
supplied mostly by the editor, but it might have been well to
omit entirely this new period or to mention it only briefly in
order to prevent the introduction of hasty contemporary judg-
ments into an otherwise excellent and first-class history.
FRITZ L. HOFFMAN.
University of Colorado.
South America and Hemisphere Defense. By J. Fred Rippy.
Baton Rouge: Louisiana State University Press, 1941. Pp. xi,
The book is a series of lectures delivered by J. Fred Rippy,
professor of Latin American history at the University of Chi-
cago, at Louisiana State University as the "Fleming Lectures"
In the first lecture Dr. Rippy discusses the evolution of "the
American System," briefly tracing its history through a period
of more than a hundred years. The second lecture is a discus-
sion of the resources and politics of South America, empha-
sizing that the material resources are of no more profound
importance than the human resources. The third lecture is a
bird's-eye view of trade and commercial relations of South
America with the rest of the world. This lecture traces the
development of those relations and notes the consideration they
must receive in present world strategy of the United States. The
fourth and concluding lecture deals with our financial relations
with South American countries, and with visionary promotional
schemes and the exploitation of those countries-and of gullible
American investors-by well known high-powered financiers and
speculating bankers who have dumped on the American public
numerous private and governmental South American bond is-
sues. He unhesitatingly gives names, dates, places, amounts,
and the sure-shot promotional margins. He admits, however,
Texas State Historical Association. The Southwestern Historical Quarterly, Volume 45, July 1941 - April, 1942. Austin, Texas. The Portal to Texas History. http://texashistory.unt.edu/ark:/67531/metapth146053/. Accessed July 6, 2015.