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What economic gains and setbacks did latin American counrties experience after independence?
Wiki User
∙ 10y ago
Latin American countries experienced economic gains and setbacks after independence, such as colonial legacy and political instability. Many Latin American army bellwethers had gained fame and power during their long struggle for independence. And they controlled the incipient nations as military dictators, caudillos. It colored cognations between the North Atlantic potencies, but additionally concerned Latin American insurgents, who sought to exploit it. The exports grew, but Latin America remained unindustrialized so it couldn't play a leading role in the world's economy.
-economy still depended on exports (amount of exports incremented)
-steamship and trains -> incremented L.A. trade
-foreign nations benefited more from incremented trade
-imported European and N.A. goods -> didn't need to industrialize
-didn't fund programs to be self sufficient
-couldn't pay back loans to countries
Wiki User
∙ 10y ago
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