Word: cartelizing
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...Montevideo from complete collapse. Until he exhausted this shirt-sleeve diplomacy in Havana, wise men did not entirely discount U. S. hopes for: 1) some sort of Pan-American "collective trusteeship" over French, Dutch, perhaps British possessions in Latin America; 2) at least a start toward a Hemisphere trade cartel, wherewith to combat Nazi commercial and political fifth columny; 3) military cooperation, when & if necessary...
...Cartel. The character of the U. S. delegation made it plain that the U.S. viewed the biggest Nazi threat in South America as economic. No U.S. military or naval experts were going. With Secretary Hull went Adolf Berle, Assistant Secretary of State, creator of the cartel plan by which the U. S. would block Nazi pressures on South America...
Whether these men could achieve anything depended on more than Latin-American reaction to the U. S. cartel plan. Jesse Cottrell, Washington correspondent and onetime Minister to Bolivia, flatly declared that they could, gave an imposing list of reasons. Said he: responsible Latin-Americans want to be united in a "stop Hitler" drive. If the U.S. makes as vast a readjustment as is called for by a $5,000,000,000 cartel, the Conference will also provide...
...only alternative to allowing South America to fall into a victorious Hitler's economic lap is to form a hemisphere cartel to even up the bargaining power between the Western Hemisphere and Europe, between the Americas and the totalitarian States. The U. S. would have to foot the bill for such a program, possibly by some sort of AAA. Whether South America will be willing to place her economic future in U. S. hands at the forthcoming Havana Conference is uncertain...
...from the 21 American republics to open the Inter-American Conference. Principal problems on their agenda were economic and military defense of the hemisphere and disposition of European-owned New World colonies. Under fire even before the conference were several proposals, chief among them the U. S.-sponsored trade-cartel plan, and Cuba's strong suggestion that a joint Pan-American protectorate be established over all foreign-owned islands in the Western Hemisphere...