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.
World Systems Theory
Among Central American nations, those would be:GuatemalaEl SalvadorHondurasNicaraguaCosta RicaPanama
Many South American nations ended up with unlimited government after in dependence because the luv to suck balls
In the late 1800s, American investments in Cuba primarily focused on the sugar industry, as the island became a significant sugar producer. U.S. investors established sugar plantations and mills, which significantly boosted the Cuban economy and transformed its agricultural landscape. Additionally, American companies invested in tobacco, mining, and railroads, further solidifying economic ties between the two nations. These investments played a crucial role in shaping Cuba's economic dependence on the United States leading up to the Spanish-American War.
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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.
They especially stressed their economic potential for American businessmen seeking trade with China and other Asian nations.
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.
ending all british trade and investment in america
ending all british trade and investment in america
Economic differences between social classes
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.