GEOG 1001 : GEOG Test 4
Document Summary
4th largest country in the world about the size of the us. Economically: the largest economy in latin america; 8th largest in the world. Has tremendous natural resources large oil reserves iron, titanium large mineral reserves: extensive river systems: lots of potential for hydroelectric power development. Sharpest division between wealth and poverty: one of the widest income gaps on earth. 65% of land is owned by just 2% of the population. The richest 20% of people own 26x more than the bottom 20% Poverty is going up: tremendous economic and industrial development is mostly channeling to the rich & isn"t helping out the poor. Wood, they named the country brazil after the resource they found: 1550: sugar, coastal lowlands were perfect for growing sugar, portuguese didn"t want to work the plantations themselves enslave the locals. New idea: used people in africa as slaves instead.
