The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941 Page: 277
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most influential of these republics with the largest investment
of foreign capital and the greatest foreign trade. Any country
with these characteristics deserves the careful attention of every-
one concerned with the relations of the United States with
other countries in the Western Hemisphere.
Dr. Jones has written the only comprehensive and detailed
description available of Guatemala's political, economic and
social development from the time of the Spanish conquest to
the present. In his usual scholarly style the author presents a
complete picture of what has made Guatemala the country it
is today: the interplay of native traditions, methods of colonial
government under the conquering Spaniards, political programs
of their republican successors, foreign policies of interested na-
tions, and the ambitions of immigrant business.
The sections of the book dealing with economic advance and
social life are particularly well done and enlightening in their
examination of the government management of labor, the dis-
tribution of land, the chief crops, the balance of imports and
exports, the systems of taxation, the shifting effects of rates
of exchange, the public debt and the state of foreign capital
penetration. One learns that while the United States interests
dominate the railroads and banana production and trade, the
British have played the leading role in financing foreign loans,
and the Germans lead in manufacturing and have the largest
foreign interest in coffee production and outdistance all others
in the export coffee trade. Perhaps this is of more than pass-
ing interest in view of the fact that Guatemala is next door
to the Panama Canal. Foreigners in some of the provinces
of the country lead natives in the economic exploitation of the
land and are the dominant interests in the export trade.
Nothing is omitted throughout the book that will help to
give a clear picture of the local life and problems, and everyone
who is in any sense interested in our neighbors to the South
will find this study significant. Students of Latin-American
problems will find it indispensable, and those who contemplate
visiting this fascinating country will use it as the only book
telling the whole story of this important neighboring republic.
JOHN H. FREDERICK.
The University of Texas.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941, periodical, 1941; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth146052/m1/300/: accessed June 26, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.