The problem with only having one crop is that if it doesn't make the cut then they will run out of food before planned that year or season. So having 2 or more it allows them to have extra food to store if a season goes well.
Latin American nations have tried to achieve economic independence by controlling their means of production. Oil producing Latin American nations have nationalized oil companies.
Having tasted economic independence for too long a period,the American colonist had no desire to return to the mercantilist policies endured by the colonies of the other European nations.
Capital is the only resource or factor of production that nations can significantly increase in the short term.
Economic System
Capital resources is the only one that nations can significantly increase in the short-term.
Relying on one crop or resource is a problem for anycountry. When the crop fails or the market for the crop or resource declines, the country has nothing else to fall back on for support. The only solution to this problem is the diversify the agriculture or general economy of the country involved.
Latin American nations have tried to achieve economic independence by controlling their means of production. Oil producing Latin American nations have nationalized oil companies.
economic dependance on other nations
Overdependence on foreign nations and a dramatic increase in population.
Market for northern industry and southern agriculture
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To create a customs union for nations in the Americas aimed at improving economic relations.
The Marshall Plan was presented in a meeting to the United Nations and Europe. The Marshall Plan provided assistance and loans to the desperate European nations.
They especially stressed their economic potential for American businessmen seeking trade with China and other Asian nations.
Latin American nations sought independence from European colonial powers due to a desire for self-governance, cultural identity, and economic independence. They were inspired by the ideas of Enlightenment thinkers and the success of other independence movements, such as the American Revolution. Economic exploitation, social inequality, and political oppression also fueled the drive for independence in Latin America.
ending all british trade and investment in america
ending all british trade and investment in america