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Spain and Portugal controlled all trade in their colonies. The colonies were not allowed to trade among themselves or with other nations. They were kept dependent on the mother country. In addition, any effort to develop industry in the colonies was crushed. Latin America had to sell all its raw materials to Spain and Portugal. It had to buy all it's finished products from them, too.
This kind of control kept industry from developing in Latin America. Eventually people of Latin America rose up against their foreign rulers.
What else can I help you with?
Why was Latin American late to industrialize?
Latin America was late to industrialize due to a combination of factors, including colonial legacies, political instability, and economic dependence on agriculture and raw material exports. The region's economies were often structured around exporting primary commodities, which discouraged the development of diverse industrial sectors. Additionally, frequent political upheaval and weak institutions hindered long-term planning and investment in industrial infrastructure. Furthermore, external factors, such as foreign intervention and global market fluctuations, also played a significant role in stalling industrial growth.
When did Europeans first colonize Latin America?
Since 1492 when Columbus discovered the Americas.
What were the causes and effects of political and economic in Latin America in the late 1800's and early 1900s?
Economic
What were the causes and effects of political and economic changes in latin America in the late 1800s and early 1900s?
Economic
Where did most new US immigrants come from in the 2000s?
Latin America
Why was America late to industrialize?
It was a matter of getting the methods. The English inventor of the spinning Jenny tried to keep the invention hidden from those who would steal the technology. An American finally was able to get the plans and bring them back.
In the late 1400s europens arived in latin america most of them where from?
By the late 16th century American silver accounted for one-fifth of Spain's total budget.
What were the causes and effects of political and economic changes in Latin America in the late 1800's and early 1900s?
Economic
What were the causes and effects of political and economic changes in Latin America in the late 1800's and early 1900's?
Economic
Do iguanas live in Latin America?
They do live in America,but not in ''Latin America.''
What is a sentence for the word industrialize?
I industrialize.
What kind of government does Latin America have?
Latin America is a region and does not have a government. The individual countries that are in Latin America have democracies for the most part.
