HISP 226 Lecture 8: HISP 226 8.02.01.2016 Lecture 8 Notes
20 Apr 2017
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Document Summary
Coffee as a way to understand economic complexities, development and dependency in. The deed is done, spanish america is free , expresses that spanish america is open for international trade and a market for british goods. Latin america open to free trade policy with britain, which is later questioned deeply in the 20th century. A system of monoculture economics based on one or two major crops, cash crops in return for profit. This is problematic as it does not allow for economic self-sufficiency, as well as a lack in economic diversity (if one fails, your entire economy fails) Lack of communication of prices is important as well, in that the farmer is not really protected. Heavy reliance on exportation abroad of primary goods, and importation of more advanced manufactured goods into the americas. Guano important good from peru used as fertilizer, helped to improve economic development in the country.
