Modernization Theory And Dependency Theory

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Latin America has not developed economically or culturally like many industrialized countries such as United States or Canada have. Many historians attribute the cause to modernization theory or dependency theory. Modernization theory as a ‘traditional’ country that have not been able to progress from traditional to modern, but are capable to become modern with assistance (class notes September 11, 2017). Dependency theory is when economically impoverished Latin America’s resources are exported to wealthy countries to enrich them even more (class notes September 11, 2017).This essay will look at how modernization theory and dependency theory have affected Latin America’s growth from the Wars of Independence to the 1960s revolutionary…show more content…
People began developing a new identity for themselves (class notes October 16, 2017). After long bloody wars Latin America won their freedom and was waiting for a new modern change. Independence wars were over, and the people were waiting for a new modern democratic society, that never really came (Chasteen, Textbook p.128). A Liberal government was put in place. However, leaders were still white, upper class men, and never really took an interest for the people of Latin American (Chasteen, Textbook p. 129). It was a hostile society, the new democratic ideas had very little to do with the actual social reality. Slavery was still happening, children were slaves until the age of 18 to pay off their cost of maintenance (class notes October 16, 2017). Slavery was finally abolished in 1852 by the Liberal government. They looked at slaves as voting numbers and that it was a ‘gift’ from the white elites (class notes October 16, 2017). Latin America went from old traditions to being just underdeveloped. Before 1850, there were only a few banks in Latin America, therefore there was little money being lent to help with modernizing their machinery, agriculture and transportation. The lack of available transportation in particular held back a lot of exporting of sugar, cotton or coffee. The government waited too long to realize their export potential and instead raised taxes to make up for lost income. By the mid-1800s most of Latin
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