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modern latin america. Phase 1: Initiation of export-import growth,
1880-1900 Because of the industrialisation in Europe, British ...
... Modern Latin America has conflict built into its system because that is
what it has mostly seen for the past five hundred years. ...
... artistic movement originating in Latin America and extending ... social realities of
the Latin American nations ... revisionist theories of the Modern have broadened ...
... Latin America into states o Ended peninsulares' privileges o Spain broke away, under
Fernando VII o Creoles had more privileges ? Rio de la Plata (modern ...
... from the fact that foreign industrial investments control the "modern sector" of ...
profits, even though the significant consumers in Latin America represent only ...
Submitted by mathiaskelly on November 28, 2007
Category: History Other
Words: 876 | Pages: 4
Views: 96
Popularity Rank: 96,166
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Phase 1: Initiation of export-import growth, 1880-1900
Because of the industrialisation in Europe, British labours needed to purchase food they could no longer cultivate. And captains of industry were seeking raw materials, particularly minerals. They therefore looked abroad to Latin America amongst others.
Argentina had vast and fertile pampas and became a major producer of agriculture and pastoral goods : wool, wheat and beef fx. Chile resuscitated the copper industry. Brazil and Colombia produced coffee. Cuba produced coffee, sugar and tobacco. Mexico exported a variety of raw material goods, such as henequin (a fibre used for making rope), sugar, copper and zinc. Central America exported coffee and bananas. Peru produced sugar and silver.
Latin America began the import of manufactured goods especially from Europe. They bought textiles, machines, luxury items in relatively large quantity.
Between 1870 to 1913 Britain increased their investment in Latin America ninefold. British investors owned approx. 2/3 of the total foreign investment in Latin America. The control of key economic sectors where now passing into foreign hands.
An export-import development was established to increase the raw material sector in Latin America, to enhance export. The capital came, of course, from abroad.
The growth of Latin Americas export was accompanied by a rationale: Liberalism.
Liberalism was imported by France and England, but because the Latin America had not undergone significant industrialisation they therefore lacked the social structure that had nurtured liberalism in Europe.
In the second half of the eighteenth century there was a huge increase in trade. Smuggling had grown into a huge percentage of total trade throughout Portuguese and Spanish America. So why not legalize free trade and gain taxes? The apologists of free trade quoted freely from...
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