HIST 286 Lecture Notes - Lecture 9: New Class, Populism, Utopia
Document Summary
Why: new class of industralists who are emerging during these temporary (cid:272)o(cid:374)ditio(cid:374)s of (cid:862)(cid:374)atural prote(cid:272)tio(cid:374)(cid:863) a(cid:374)d (cid:449)a(cid:374)t prote(cid:272)tio(cid:374)ist poli(cid:272)ies want to protect and prosper factories that they just built. Want to overturn economic policies of past that always benefitted the plantation owners who exported raw materials. High unemployment, political and social unrest, depression contributed directly or indirectly to fall of 10. Way economic success happens predicated on winning favours from politicans: how win favours from politicans: temptation towards corruption was extremely high. Mexican government tried to do this over mexican us border, huge amount of consumer goods flowed in. South american countries could get away with it better because us not on border. Industries still dependent on foreign technology, and government deficits that lead to inflation and turned into a runaway cylical crisis, undermines support for what at the beginning was popular government reforms.
