Vargas of Brazil and Peron of Argentina

Want to read the rest of this paper? Join Essayworld today to view this entire essay and over 50,000 other term papers

with the US gradually replacing Britain as the primary economic and political power in the region. Because of the privileged position of the elites there was little incentive to peacefully change the economy or political framework of the region. Local caudillos cooperated with foreign investors to ensure that both sides benefited with little concern for the economic development of their country. Industrialization and the development of the steamship and the railroad reinforced the late 19th century trends toward urbanization, the decline of small family farms and craftsmen, and the growth of the urbanized middle and unskilled working classes. World War I seriously disrupted the traditional import-export markets of Latin America. As a result, some local capital and labor were diverted from agriculture to manufacturing in an effort to supply missing imported goods. But, prior to the Great Depression industrialization was still almost completely limited to light consumer goods. The ...

Get instant access to over 50,000 essays. Write better papers. Get better grades. Already a member? Login

protect small farmers), greater social welfare expenditures, tariffs to protect "infant industries," export-led industrialization, and an expansion of citizenship rights for workers, women, and racial minorities. These populist reforms varied from country to country. Nonetheless, without extensive internal competition by foreign firms, the new populist rulers could afford to raise wages and implement expensive state regulations by passing these higher costs on to consumers through a protected price system; therefore serious economic, social and political problems resulted when foreign firms began to move into the internal economy of Latin American countries. While the new populist rulers ...

Succeed in your coursework without stepping into a library. Get access to a growing library of notes, book reports, and research papers in 2 minutes or less.

CITE THIS PAGE: