HIST 286 Lecture Notes - Lecture 6: José María Velasco Ibarra, Víctor Raúl Haya De La Torre, Marmaduke Grove
Lecture 6 part i the economics and politics of mid-century populism: Depression to wwii (late 1920s- mid 1940s): the economics of populism: Industrialization was a conscious decision by latin american government. Government support for industrialization reflected the populist"s nationalistic desire to reduce foreign control over the economy and break the political power of traditional landowning elites (those who most profited from export economy). Larger latin countries began industrializing in late 1800s. This was mainly for imports that were nearly impossible to get to latin america (breweries, cement factories, building material factories, food plants). The majority of manufactured goods were imports, but changed in 1930s. Urbanization and the rise of the middle-class led to the expansion of the manufacturing market. Early decades of 20th century see a massive growth of the urban population in larger countries, there is a growing market. There was a slow increase in demand for industrialized goods.