Europe would close itself to American exports. except to products essential to further their own economy. and then at a very low price. Concentration of European manufacturing power under Germany would tend to break American markets elsewhere. Let us consider briefly how this would affect the average businessman. farmer. and laborer in this country. Under totalitarian control. the American businessman would not be dealing with a European or Asiatic businessman. but with a monoply administered by a government. He would not be engaged in free competition. Then. again. in dealing with the few open countries left. we would be competing not with foreign individual concerns. but with a highly centralized government.