Government 1295 Lecture Notes - Lecture 4: Laissez-Faire, Oligarchy, Radical Civic Union

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Document Summary

La experiences export boom as european industrialization translated to need for la comm. Politics stabled in much of the region giving rise to oligarchic regimes. Argentina, chile, brazil (constitutional oligarchy) participation restricted to tiny elite. Led to collapse in international demand for la exports. North america and europe couldn"t afford exports --> la exports fell in half alm. Exports had been primary engine of growth in la for 70 years (huge blow faire) Absence of imports meant that no foreign competition and necess production. La begins to develop own industry instead of relying on exports. State began to promote and support domestic industry. Achieved by producing at home the goods that wo. Expanded role in state economy and social policy. Production now geared toward domestic consum than americans and europeans. Because domestic industry became sheltered and not facing international competition, there isn"t the need to keep labor.

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