Introduction Latin Americans today are striving to achieve a more equitable and free society conditioned by the influence of Christianity, Marxism and liberalism. However, all these efforts have been met with sheer frustration since most Latin countries have been unable to find lasting solutions to the problems that they have been facing. The situation is further contrasted by the fact that the South American Continent is vast with rich natural resources which if well exploited, can stimulate an economic boom in the continent. With this awareness still lingering in the minds and hearts of Latin Americans, a blame game has ensued over who or what is responsible for the failure of the continent to acquire a more developed continental status like the rest of Europe and North America( Foroohar,2001). One end of this blame game has it that the reason for underdevelopment in Latin America despite its vast resources has been caused by American and European imperialism. The proponents of the American Imperialism argue that the United States of America is entirely responsible for siphoning the vast continent’s resources of South America which would have otherwise been used to fuel development programs in the continent. The argument is that North America’s rich status came at the expense of the South’s poverty. Many feel that North America is rich because the South is poor, that is, one had to pay the cost for the other and in this case it was the South that did (Rangel, 1987). This argument has gained a widespread appeal as a gospel truth that explains the current state of affairs in a continent that is still trying to find its footing and kick start serious economic and development agendas. The anti-imperialism slogan has become revolutionary to an extent that it is fueling animosity and outbursts of anger against the Northern Hemisphere. Some political establishments are openly becoming anti-American and are heavily criticizing the United States’ policy on their continent. They view this policy as being merely an extension of the exploitation the continent has witnessed since the Northerner’s first set foot on the Southern Continent. On the other hand, critics of the proponents of American Imperialism are of a different opinion with some arguing that North America’s contribution to the Southern Hemisphere’s development agenda has always remained positive and non-exploitative. Critical Analysis In order to establish the truth on this subject matter, we need to sincerely and rationally conduct a scientific examination of the influence the North has dispensed on the Southern Hemisphere. At the same time, we need to maintain an open mind that indeed the US might have made a positive contribution to the Latin America’s economic, social and political agendas. In order to do this, we will enumerate and take into account all the damage that the policies and actions of the United States of America have done to South America. Similarly, we will also weigh the positive contributions that the North has made to its struggling Southern neighbor. Putting the two sides on the weighing scale, we will be able to come up with a clear answer to this probing issue (kay, 1989). To begin with, it is import