Essay about Post-Depression Industrialization in Latin America

The South America has evolved as the one of the most dynamic region of the world so much development taking place. In 2005 Latin American economies managed to grow at average of 5.5% while inflation is in single digit which shows that it has created the economic prerequisites to deal with the aforementioned problems.

This essay, firstly, will look at to what extent physical geography has affected Latin America in terms of economic growth. Secondly, it will focus on the other possible factors which have affected its economic growth. There has been much debate over the cause with some stating that geography is the culprit while others blame more social aspects such as politics and political instability, inequality, and educational attainment. This essay will attempt to evaluate to what extent these claims are true.

The Latin American countries have been subject to many changes ever since the American continent was discovered. These changes have mainly affected the economy, culture and power changes these countries have suffered throughout the years. According to Jon Charles Chasteen on his book “Born in Blood & Fire” During the twentieth century, there were three main events that changed the course of Latin American countries and their economies. These three events were, the emergence of nationalism, the end of World War II, and the Cuban revolution. However, in my point of view, the event that created more impact in Latin America and the future of these countries has been Cuban Revolution. It is not a secret that the Cuban Revolution created a big impact to the country’s future, unfortunately this revolution not only changed Cuba, but also the entire region of Latin America.

Latin America has a long and complex history. From the early 1500s to 1888 there have been many political changes (foreign control, political ideology, slavery) and some continuities (central control), but the changes have had a greater effect because independent nations were able to establish themselves and form their own governments. Globally, the European Industrial Revolution was taking place which allowed for a political advantage because the new technologies could give the European governments stronger control over their colonies.

The relationship between the United States of America and Latin America nations has been turbulent since the beginning of colonization. The United States had withheld a sense of superiority since its inception. Their view of Pan-Americanism is only shared by them; Canada and most Latin American nations do not share this view. They viewed Latin America’s struggle for independence as a necessity, but did not pledge their assistance until it coincided with American interests and objectives in the area. The author mentions Latin America’s one-crop economy, but they do not emphasize the role the US played in their economies or how much they were involved in their own politics. Recent events, in regards to Cuba, have made certain parts of the chapter

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

Over the course of the past half-millennium, the 33 countries that now comprise Latin America and the Caribbean have gone through drastic change. Since the discovery of the New World in 1492, each country has gone through some level of colonization by a European power and transition to its current state. During this period the regions have seen political, social, religious and economic transformations of various degrees.

The Americas, now known as Latin America, has gone through many changes in its history, from being conquered by Spain and Portugal, to the people fighting for its independence and finally, making a living as newly independent countries. From the years 1850 to the end of the 19th century, each region had influences, specifically those that dealt with the after effects colonial rule had on the land. Nations that made up Latin America began modifying different portions in their government in attempts to benefit the majority of the people. More or so, they accomplished this goal, each with their own challenges. Evidently, changes within the social, political and economic systems were focused on external factors.

Generally, the US foreign policy concerning Latin America was of course for the US' own benefit. If the person in power was trying to nationalize their country's economy, the US accused them of communism and proceeded to push them out, unofficially, under the pretext of national security.

During the late nineteenth century, liberals hoped to establish Latin America on a global scale by modeling Europe and the United States. As a result, certain Latin American countries were able to modernize itself. They had metropolises, telephones, and railroads. Urbanization granted Latin America the ability to export tons of sugar, coffee, rubber, bananas, tobacco, and other goods. Latin America’s massive export in goods during the 1880s led to what was known as the “Great Export Boom.”

Weak Institutions: Since the late 1800’s, “Latin America [has been] the incubator for all great United States multinational corporations” (Harvest of Empire, 2012). The domination of the local resources and land, by MNC’s and the maintenance of that domination by the U.S. military effectively captured many Central American states economically and politically. This went on from the 1896 until the end of WWII when U.S. policy shifted, the paradigm became more

With the increase in industrialization, particularly rail roads and steam boats, Latin America could efficiently export more goods. The installation of railroads and increased trade stabilized the economy of many countries. As long as Europe and the United States required raw materials, the economy would continue to grow. With the economy growing, political stability followed. This is demonstrated in Chasteen’s essay “Governance did become more orderly. As the profits of the export boom rose, government revenues from import/export taxes rose too…Higher government revenues afforded middle-class people new employment opportunities…Greater stability and prosperity attracted further investment from aboard intensifying trade, and the cycle repeated itself” (Chasteen, 207). As more money flowed into the continent, the more the government improved. Using the available revenue from the export boom, local governments could afford better equipment and put down rebellions with less casualties. The government was better able to provide more individuals with employment opportunities, thus stabilizing the politics in the Spanish Americas.

Mark Twain once called Industrialization an, “Era of incredible Rottenness.” Industrialization had both negative effects and positive effects on city life. While big businesses thrived, the gap between the rich and poor grew larger day by day. Progressive reformers sought to close this gap and bring together the nation.

Galeano portrays this moment in Latin American history as the instant U.S investors took control over the industries. He details the dangers they went through when producing one item to export for the benefit of foreigners, and how they later imported the processed goods from those same foreign countries, injecting money only overseas. The fact that Latin America needed imports to survive initiated the imperial link the U.S has upon it. As stated by Galeano, “The growing dependence on foreign supplies produces the growing identification of the interest of U.S. capitalists operating in Latin America with U.S. national security”11, bluntly showing the relationship between the United States and Latin America. “With petroleum, as with coffee or meat, rich countries profit more from the work of consuming it than do poor countries from the work of producing it”12. Because profit was not being retained in the Latin American countries, nationalization of the industries became of importance. The United States offered intervention in order to protect everyone’s interests with the proposal of free trade, but this was no more than another manipulation to continue having power over Latin America and its resources: “Latin America’s big ports, through which the wealth of its soil and subsoil passed en route to distant centers of power, were being built as instruments of the conquest and domination of the countries to which they belonged, and as conduits

This investigation will study the question: to what extent did the United States involvement in Mexico impact Mexican economy? The years 1900-1920 will be the focus of this exploration to allow for an analysis of United States relation with Mexico before the revolution and during the Revolution as well.