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Latin American Chapter Summaries

Satisfactory Essays

Alberto torres wrote in a book a general proclamation of Economic Nationalism, to gain some sense of control over the underdeveloped economy. The title of this book is “O Problema Nacional Brasileiro”, which was published in 1914 in Rio De Janeiro, Brazil. He wrote it to raise awareness that there is another way to balance the economy, “nationalists increasingly focused attention on the problems of undeveloped and dependency”, this gives them a sense of control over the unstable economy. Torres book emphasizes that many foreigners are taking “advantage of our vast regions, our soil, our railroads, and our natural source of wealth”. This shows me that he has some sort of an educational background, and wants to help the situation. This quote by Torres in his book furthermore demonstrates that people didn’t know what was going on and the dangers of it; “The Brazilian people have no idea of the national danger that suddenly confronts them, even threatens them. Our territorial integrity, our independence, and our sovereignty exist at the mercy of the great economic and military power…”. Their financial crises further exposes …show more content…

Foreigners have taken full advantage in seeking investments in Brazil for cheap labor. This is strongly shown during the twentieth century. Williamson also talks about a change that happened that made a domino effect on these events. “The turning-point in the modern history of Latin America Is therefore identified by historians as the decade of the 1930s, when the World Depression stimulated the leading countries to undertake a fundamental transformation from traditional to modern structures of economy and society”, these event spark ideas to find many solution to help solve this vast economic

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