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This 1 page One Day of Notes was uploaded by Lane Farrell on Saturday September 6, 2014. The One Day of Notes belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 70 views.
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Date Created: 09/06/14
September 4 Class notes Even the great depression didn39t derail Latin America39s long term economic growth for long Latin america hasn39t grown as much in per capita income as almost everyone else Today the focus is on historical review Want to discuss the economic implications of the history in the The Colonial Period Comma period Iberian Conquest Spain and Portugal played huge influences on LA growing up The Spams arid POFWSUGSE 39V39 P eS two colonized almost all of central america The T39ea t f N quot 9 39 93939 5 3 5393quot939V 16th Century at the time of colonization everything had to be The B 39b Re39 5 e XV39 C9 39V centralized into spanish or Portuguese monopolies The spanish did P39 F e V 3 La Te e not think about the notion of having their colonies trade with each Bquotquot5h P39e5 39e5 other or the rest of the world everything had to go through specific Independence ports TO go TO Spain Continued Iberian Model The spanish created borderline feudalslavery driven economic Disintegration ofspanish America organizations eg econimendas Wars of Independence and Civil Wars Smugglers started to settle areas not completely dominated by the Spanish and began to undermine their rule After Spain lost control there was a slow quotopening upquot process After independence the model of economic management remained the same there was no change More opening up disintegration of spanish america minus brazil and conflicts LA was an area of constant civil wars and factions post independence In the case of brazil there was not a war of independence in the same way The economic revolution in Latin America occurred at the beginning of the twentieth century when they embraced globalization It was a quotgreat leap3939 towards globalization For a while they were the emerging market boomers There were countries in latin america where the great depression caused devastation changed relationships between devastated countries and central powers Import substation is said to have happened after WW2 but it is really during the pre war period that the policies started to get implemented with Some countries declared sides in WW2 quite late others from the get go Fundamentally in WW2 LA was isolated Brazil was more included because it had an active hand in the war effort Spanish Latin america suffered quite a bit during WW2 It39s about this time that autarky begins