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July 24, 2014

Homework Help: please revise

Posted by Christi on Friday, May 2, 2008 at 1:10am.

Oligarchy, dominated Latin America’s political structure from 1900 to 1939. At the height of the European industrialization, Latin America became Europe’s main provider for raw materials. Mexico, for instance, provided Europe and North America with hemp, copper, and zinc. Hence, Latin American countries producing raw material in exchange for European manufactured goods, further, embedded the pattern of economic control by foreign countries.
Thus this pattern already established due to colonialism, continued and Latin America became more dependent on a foreign countries economy for its prosperity. This new economic order was reasonable and endorse by the growing dominance of liberal ideology in most parts of Latin America. It was this period that free trade political liberals who favored less centralized less state rule formed liberal parties, while the traditional agricultural interests and pro church conservatives formed conservative parties. Moreover, political leader and foreign counterpart glorified the intrinsic worth of free trade and open borders. This action was largely due to the ideological perspective of many Latin American political leaders, since it was viewed as abnormal to stand in the way of the economic and social progress that free trade would contribute to the prosperity of the state.

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