HIST 286 Lecture Notes - Lecture 2: Scientific Racism, Guano, Redone
7 Oct 2016
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1930s: brazilian president believed that economic crisis and vulnerability was because of major exports being sugar, coffee, and coco. It"s because these things are easy to budget and give up during the great depression. Early 1900"s: argentina provided europe with meat, peru/mexico/chile produced copper, bolivia produced tin, venezuela/mexico exported petroleum, amazon produced rubber, etc. La"s poverty owes to its role as a provider of natural resource exports. La had a choice between becoming an industrialized country or an exporter. Colonial explanation: spanish colonial economy in la was organized around gold/silver extraction. Portuguese economy was centered around sugar plantation agriculture. Foreign powers used their political/economic leverage to convince la to provide europe with raw materials they needed, rather than industrialize. Lack of effective banking system, political influence, etc. entrepreneurs had to adapt by having a short term, "quick kill" mentality. This made exports more of a stable economic base.
