414 



FOREIGN COMPETITION 



the United States north of the equator. Its area is two-fifths that 

 of the United States, but its population (eight and one-half million) 

 is only one-twelfth that of the United States. Less than one-fourth 

 of its productive land is under cultivation. Hence we see the 



FIG. 81. Ocean transportation, port of Buenos Aires. 



FIG. 82. Modern grain elevators at Buenos Ai 



room for expansion both in population and production. In 1891 

 Argentina exported only 17,500,000 bushels of grain; in 1913 the 

 exports amounted to 397,000,000 bushels, an increase of over two 

 thousand per cent. The average yield per acre of corn in Argentina 

 for the three years 1911, 1912, 1913 was 27^ bushels, against 



