The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-10-21
Wall Streets Brazilian Bargain

London he undoubtedly left the impression
there that this goodwill to Britain would be
strengthened. But the revolution" disposed
otherwise. The Luis restes regime had to
offer Wall Street what they could expect from
the Vargas insurgent movement in order to
gain this powerful ally in an attempt to defeat
the uprising
The same dispatch by Kuhn also says that
British imperialists would like to know what
the Brazilian government promised in return
for Mr.. Stimsons benediction."
when the revolution is over" Kuhn goes
on to write, crushed with Wall Street help,
the British expect to "find immensely increased
American competition at least in three fields,
namely, coal, textile and machinery"
The Tide of Imperialism.
British imperialism had the head start in
Brazil Out of total of $2,5o0OOO,000 foreign
investments in Brazil the British hold $780,
900, and the United States around $500,000 000
Up to 1920, the British had the upper hand
in all fields, but since then American imperial
ism has been making rapid Roadway. DR.. Max
Sinkler, in his book, Investments of United
States Capital in Latin America" writes: "The
economic ties between Brazil and the United
States are becoming stronger every year. The
United States is the largest importer from
Brazil =" Since 1920, there has been
rapid influx of American capital Ford owns
100000 acres of rubber land; the U. S. Steel
is preparing to invest $25o,000,00o in iron-ore
lands in the state of Minas Geraes; American
public utilities companies are rapidly replacing
British holdings. While British trade decreased
about 20 per cent between 1913 and 1929
American trade increased 104 per cent.
The valorization scheme, a plan for. the
restriction of coffee growing, and for the con-
capital. In 1927, Wall Street undertook half
of the financing Of the valorizaton scheme
Coffee is the leading product of Brazil The
drop in the price of coffee, due to the world
agrarian crisis, and overproduction has i'm
poverished great masses of Brazilian workers
and pc SAINTS. Seventy-five per cent of the Bra
lillian coffee output goes to the United States.
The total yearly exports from Brazil to the
United States amounts to S220,0000 900 while
American exports to Brazil figure at $115,000,-
900 yearly
The present crisis in Brazil is probably the
severest of any of the Latin American coun-
tries. The various capitalist groupings, the
rich landowners the, petty bourgeosie AMI the
small industrialists have been carrying on
struggle for domination. Especially the rich
landowners and section of the bourgeoise
have been backed by the British.
Wall Streets change OF alliance does not
mean the revolt is ended The revolt is Fn-ad
on deep-going mass discomfort The workers
and peasants are becoming more determmed
in their own demands. The revolt has set in
motion huge masses who are definitely against
Imperialism.
Whichever way the outcome goes the anita
gonism between the leading bandit powers will
be sharpene1, and drawn closer to open war
fare. The masses will see the function played
by the imperialist powers in Brazil, and under
the leadership of the Communist Party of Bra
I'll will be led more and more to a real uprising
against all Imperialism and it's Brazilian bour-
geois allies.