Chapter 9 Latin America Shock therapy in economics • Economic shift from a government-dominated economy to a market economy. What are the policies? • Privatize state owned businesses • Eliminated Price Controls • “Liberalize” Trade to introduce competitive pricing into the economy (Remove Tariff Barriers) • Privatization from 500 to 25 business from 1973 to 1980 • Drastic Budget Reductions • Radical restricting of the public sector and reduction in its spending
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The readings of week three described the economic issues and the rise of the different powers in Latin America. The Authors Bakewell and Escosura both wrote about the shifts in power from the Europeans to the independence of Latin America. Everything starting with the Bolivar movement‚ when Simon Bolivar wanted to free his country of the Spanish control in Venezuela. These movements showed that the Latin American people had enough of the European control in their land. They wanted to have their own
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Behind the Great Conquest In 1492 Columbus discovered the American continent‚ a year later the Spaniards were sent to settle the land‚ later called Hispaniola. The Hispaniola was populated with native people called Indians. These people were uncivilized and loyal to their Indian masters. The Indians believed the Spaniards were sent by God‚ they trusted them and were determined to serve them in the same way they did with their Indian masters. Spain’s conquest of the Americas was an outright tragedy
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established in Latin America after the wars for independence consisted of unstable transitional governments that achieved few of the goals recognized in an effective democratic government. Despite these shortcomings‚ the caudillo system maintained a predictable social order and prevented chaos. This system was the best available until the formation of a middle class could be achieved‚ resulting in a more democratic political system. The caudillo system came to be a common form of government in Latin America
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The shift of many Latin American nations away from liberal economic and political models‚ as well as away from European ideals began with changes in Latin American nationalism and culture and ended in economics. In the beginning of the 20th century many Latin American nations had cultural movements that were challenging the old ideas about racist positivism. In Mexico‚ there was a significant break with the old Diaz regime that created efforts to present the indigenous past as something to be proud
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During the 1800’s US and other colonies from Europe wanted Latin America to become a source of materials‚ and to become a market for goods. The US and Europe nations started to build mines‚ railroads‚ and bridges. The US and other nations began working together while both using the Monroe Doctrine. The Monroe Doctrine is an principle of the US policy‚ but then the governments of Latin America started to think that the US was going to use the Monroe Doctrine to defeat all of Western Hemisphere
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If Latin America can create a democratic union that supports business and a strong economy this will cause a chain reaction and help stimulate other areas of interest. With the decreased strength and influence of organized crime along with a decrease in government corruption we will begin to see local and foreign businesses within Latin America succeed. This in turn leads to many things; an increase in exports‚ domestic wealth
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It was not only the United States and Europe that were touched by Modernism; Latin America was also feeling the effect of this shift in the art world during the beginning of the 20th century. While beginning to achieve some level of independence from its European occupiers‚ Latin American and its artists were embracing Modernism which fit well with the mixed race cultures of this region. The indigenous peoples of Mexico‚ for instance‚ endured a brutal occupation by the Spanish starting in 1521 by
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For more than a decade‚ the Latin American region relied on "socialism of the 21st century‚" as the driving force for positive change as the world economy was experiencing surpluses beyond belief. This era of plenty was coined the “Pink Tide” – (a reference of the leftist movement’s political philosophy) as Leftist governments took advantage of an already sustained commodities boom after blaming the market oriented policies of their predecessors for economical challenges they were facing at the
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Latin America is a vibrant land of many cultures all having a shared history of Spanish and Portuguese influence that created what we have today. In the modern era most of Latin America speaks Spanish‚ English‚ and Portuguese however‚ that wasn’t always the case as the indigenous people of the Americas had over 100 different languages. These different languages made it quite difficult for the Spanish during their exploration and colonization of the new world. Many early interactions between the Spanish
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