Economic Development in Latin America 1880-1930

Latin American Economy

Between years 1880 and 1930 the Latin American nations had an unprecedented amount of growth. Throughout Latin America, nations were increasing their revenue which led to stronger economies and consequently much stronger political structures and governmental support as well. This was largely due to the development of communication and the influence of American interests throughout the region. The increased levels of communication allowed more individuals to exchange products as well as ideas. With this, there was a larger groups of potential consumers for products and services, meaning a dramatic increase in revenues collected.

What are the basic characteristics of economic development in Latin America between 1880 and 1930?

Many Latin American nations utilize agriculture to support their economy. When lines of trade became more widely-spread, these agricultural products were able to be exported to Europe and to the United States of America as well. All the economic development in Latin America in the fifty year period between 1880 and 1930 stemmed from the exportation of agricultural staples such as sugar cane and bananas.

How did different countries of the region integrate into the world economy?

The integration of Latin American nations into the world economy was based upon their individual economic growth. The more products were able to be purchased by exporters, the faster the economy of each nation grew. As these outside countries became dependent on the Latin American nations for the desired product, the more importance was placed on the exporter nation.

What was the impact on the development of political systems?

With stronger economies, much of the political dysfunction of Latin American countries was no longer tolerated. Many nations during this period had political coups resulting in the violent overthrow of the government. Sometimes these coups would be violent and other times, but far less often, the newly-formed governments would be founded peaceably.

With increased economic impact, the political structures of the Latin American nations were strengthened.

How did this export oriented pattern of development affect social structures?