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The Role Of Capitalism In Latin America

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For the past two centuries, much of Latin America has struggled to shake the hierarchical capitalist inequities established throughout the colonial period. While the independence movements of the 19th century successfully established national sovereignty, the new governments failed to shatter the export-model which enriched western countries at the expense of the former colonies. This cycle of dependency continued well into the 20th century, until the Great Depression plunged the globe into economic disarray. Spurring discussion about the viability of free-market capitalism, the economic crisis birthed various nationalist movements which attempted to address the structural failures which generated adverse outcomes for Latin America. Leaders

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