Latin America Capitalism Research Paper

One economic system used in Europe during the Middle ages was manorialism, and one system used during the Industrial Revolution was capitalism. Manorialism was used back when there were kings and peasants, and rendered the peasants dependant on the king's land. Capitalism is when the economy is controlled by private businesses, and not the state or

The Independence of Latin America was a process caused by years of injustices, discriminations, and abuse, from the Spanish Crown upon the inhabitants of Latin America. Since the beginning the Spanish Crown used the Americas as a way to gain riches and become greater in power internationally. Three of the distinct causes leading Latin America to seek independence from Spain, were that Spain was restricting Latin America from financial growth, (this included restrictions from the Spain on international trade, tax burden, and laws which only allowed the Americas to buy from Spain), The different social groups within Latin America, felt the pressure of the reforms being implicated on them

After the age of enlightenment, colonies and nations around the world began questioning their rulers and ruling nations. Liberal and nationalist ideas spread across Europe and the world, especially after the French Revolution. When these beliefs spread to the colonies of America, independence movements and revolts occurred. The Latin American revolution and Haitian revolution were both significant events during the 19th century that affected both their respective nations and the world. While both revolutions resulted similarly such that a social hierarchy based on race existed after independence, they differ in that while the Latin American revolutions placed an emphasis on ending the Spanish casta system, Haitian revolution was based on freeing slaves.

Capitalism was the sole purpose for being the cause of an exponential use of slaves in all aspects of production. Notably, it involved an economic system whose basis originates from private ownership of all the means of production as well as the production of goods and services majorly meant for profit. With characteristics such as accumulation of capital, labor, private property ownership, and competitive market. Therefore, there was a great need for means of production hence slavery. However, there is a close relationship between free and slave labor as used in production. The paper uses “Capitalism and Slavery” (William, 1961) as a primary source material to compare the profitability of free labor and slave labor through an in-depth discussion of the role the African slavery played in the development of capitalism in the New World. Free labor and slave labor both have profits in the production process and would be applied differently at various places. For instance, slave labor was profitable in activities in which little skills and versatility in production process were required. It is worth noting that, the use of slave labor to cultivate a fresh soil is more profitable than the use of free men in the cultivation of an exhausted land. However, the use of slave labor was the option at the earlier stages of development of colonies, although slaved labor was unskillful, given reluctantly, and lacks versatility (Eltis, 2000). Moreover, use of slave labor were not moral but

The progress of Latin America economically has made differences for the better or worse for several countries. In Central and South America, there are resources, industries, and agriculture that has been made gradually through the years. However, before the economic Latin America many know today, other civilizations lived first. In Central America, the Maya, Aztec, and Olmec lived there. (Document 1) The Mayans were known to live in the Yucatan Peninsula, while the Aztec lived in Tenochtitlan, and the Olmec in present day Veracruz and Tabasco. (Document 1) In South America, lived the Inca. The Inca lived in Peru, Chile. (Document 1) Aside from earlier civilizations, there are also four zones of climate. (Document 3) These types of climates are Tierra Helada (Frozen Land), Tierra Fria (Cold Land), Tierra Templada (Temperate Land), Tierra Caliente (Hot Land). All of these have different livestock and crops depending on the climate.

Starting in 1500, a new world capitalist system was emerging in Europe. It was a start of a new age, an age of discovery. Spain was looking for the Northwest Passage, a route linking Europe to Asia through North America by sea. Every country was profit and trade driven and along with this new age discovery was a new capitalist system called Mercantilism, which is a system based upon a state to advance national business interests abroad and is increased

When the Europeans first arrived in Latin America, they didn’t realize the immensity of their actions. As history has proven, the Europeans have imposed many things on the Latin American territory have had a long, devastating effect on the indigenous people. In the centuries after 1492, Europeans would control much of South America and impose a foreign culture upon the already established civilizations that existed before their arrival. These imposed ideas left the continent weak and resulted in the loss of culture, the dependence on European countries, and a long standing ethnic tension between natives and settlers which is evident even to this day. The indigenous people of South America, which

American attitudes towards Latin America can be summed up as an extension of larger global directives, and the exclusion of foreign powers in the region. This was highlighted especially during the Cold War as US involvement was essentially in competition with the USSR. Latin America was therefore a mere pawn in the larger context of US-Soviet competition for global dominance. The actions and methods used are also characterized by the lack of an international authority, or an atmosphere of inter-state anarchy, which shaped their calculations in the endeavor to increase their influence over Latin America. When one analyzes the situation, it seems only rational that the United States treated its southern neighbors so, due to the geographical

In the years following the Congress of Vienna, revolts plagued many European countries as well as several areas in Latin America. France was driven from Haiti, Portugal lost control of Brazil, and Spain was forced to withdraw from all its American empire except for Cuba and Puerto Rico. Colonial government in South America came to an end. Three countries where revolts were successfully established were Haiti, Venezuela, and Brazil. The countries in Latin America benefited from the revolts because they became free from colonial rule, but, except for Brazil, they were left with many consequences.

Due to this, rich investors who obtain most of these slaves for their business and more sugar production begin to create capitalist countries. Trading and slavery within the 16th and 19th country influenced capitalism as shown in Sidney Mintz's and Herbert Klein's historical works.

It is impossible to separate the history of military dictatorships in Latin America from the history of economic exploitation and of US intervention in the region. The history of slavery and other forced labor in the pursuit of large-scale agriculture and resource extraction in the time of the colonies has created a legacy of economic exploitation. This poverty and inequality has in many cases led to popular uprisings and calls for reform, which provided the reason (or the excuse, depending on your point of view) to use military force to restore discipline. The United States' willingness to support strong regimes capable of securing its interests in the region also has played a decisive role. These

Although Latin America has faced many social, political, and economic issues within the last three centuries, inequality remains one of the most important, historical, and omnipresent aspects of the region’s culture. As Europeans took over Latin America during the time of colonization, they implemented many elitist social structures that have held strong and are evident today (Harris). Income inequality is the most visible and greatest disparity that the region faces; yet inequality between gender, ethnicities, and education remain strong and significant problems with a necessity for improvement. Inequality of wealth and disparity of power and influence are Latin American’s greatest curses and are at the root of many of the

Now days democracy has been establish in every Latin America country except Cuba, which is still a socialist state. It seemed that every other alternative form of government such as Marxism or Leninism has failed and been replaced by democracy. Furthermore it looks like people in Latin American really enjoy democracy and its’ benefits, as they also consider it to be the best form of government. After the failure of authoritarian leaders and the military intervene their lives, Latin American citizens wanted to change their system into a more fair and honest system, democracy. Democracy is usually defined as a system of honesty, equality, freedom of rights, though for Latin America countries it means gains, welfare and patronage. Latin

In the mid-19th century, a great system of economics, which would change our lives forever, was formed. That system was called capitalism. Capitalism is an economic system that was created by combining many parts of many other economic systems. Capitalism was based on the idea that private individuals, and business firms would carry out all factors of production and trade. They would also control prices and markets on their own. Mercantilism was the precursor to Capitalism although each of them different in many ways. Mercantilism was for the wealth of the state, while the motive of capitalism was for the wealth of the individual.

The colonial division of labor was the tool of choice that European power’s used to develop their infant industries to become competitive on the global market. Before the European or western rise to power, China and India were the dominant forces in global trade, exporting some of the finest products worldwide. The fall of the Chinese and Indian trade dominance coincided with the rise of European colonizing. Through the colonial division of labor, European colonizers were able to exploit their colonies for cheap resources to