HIST 1400 Study Guide - Midterm Guide: Hacienda, Latifundium, Free Market

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Published on 8 Jan 2019
School
Fordham University
Department
History
Course
HIST 1400
Professor
Banana Republic, what is it?
The countries’ economy is almost entirely defined by that one export item
Latin American (especially Central American) nations with unstable governments
and significant US intervention
MONOCULTURE economy: dependent on one or two export commodities
Vulnerability to diseases, only able to strongly produce and export one or
two goods, easier to monopolize
Simon Bolivar: “America is ungovernable”
- Last words on his deathbed
Latifundia
Latifundia: very large tracts of land, owned by a few people
Unequal land ownership increases after independence
Indicator of growing inequality
Argentina:
1830’s: 21 million acres controlled by 500 people
By mid-19th century, ONE FAMILY controlled 1.5 million acres
Haciendas / Estancias / Casa Grande
Huge estates usually owned by a single person or family
Worked by debt peons (perpetually indebted laborers)
No way to get out of debt
“Own, small worlds”— made to be this way
No opportunity to leave or find other work
Self-contained: had own economies, militias
Many caudillos (coroneis in Brazil) rural strongmen were hacienda owners
Often in the countryside
Filled power vacuum left at end of colonial rule
Rule over hacienda workers
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Document Summary

The countries" economy is almost entirely defined by that one export item. Latin american (especially central american) nations with unstable governments and significant us intervention. Monoculture economy: dependent on one or two export commodities. Vulnerability to diseases, only able to strongly produce and export one or two goods, easier to monopolize. Latifundia: very large tracts of land, owned by a few people. 1830"s: 21 million acres controlled by 500 people. By mid-19th century, one family controlled 1. 5 million acres. Huge estates usually owned by a single person or family. Worked by debt peons (perpetually indebted laborers) No way to get out of debt. Own, small worlds made to be this way. No opportunity to leave or find other work. Many caudillos (coroneis in brazil) rural strongmen were hacienda owners. Filled power vacuum left at end of colonial rule. Do these people have the right to rule. Never explicit discrimination based on race, seen in other implicit ways.