Excerpt from Latin-American Year Book: For Investors and Merchants for 1920 With the present volume the latin-american Year Book enters its third year. The fact that it has met so far with such encouraging success shows that a demand existed for a publication containing accurate and detailed information re. Garding the economic and financial conditions in the Latin. American countries. There is no exaggeration in the statement that a great number of American merchants and investors have been misled by inaccurate information, only to find, after they had in vested money or engaged in export Or import trade, that the actual conditions were far below their expectations, and they could not obtain even a reasonable return of their capital in vested. On the other hand, many investors and merchants are too timid and refuse to take advantage of wonderful opportuni. Ties simply because they have been lead to believe that all latin-american countries are uncivilized, unreliable, and any effort to establish sound relations with them is doomed to failure. The truth is that every latin-american country is a profitable field for American enterprise, energy and capital. The only question is where, when and how to trade with each of them. Not two of them are exactly alike, and before under taking any kind of business, a careful survey should be made of actual conditions in the particular country with which busi. Ness relations are contemplated. The latin-american Year Book was started three years ago for the purpose of presenting only plain, self explanatory facts and figures, giving a more exact idea of what latin-amer ican countries are than any description found in fantastic books, with which the American market is flooded. Our book has the most recent data as collected from the best available sources. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.