Political & Economic Development of Latin America

Latin American countries first began to enter the world market as independent participants during the 19th Century, when they began to export commodities which were increasingly sought by the United States and western European countries. Such commodities were agricultural food products (such as coffee, beef, and sugar-cane) and raw materials required for manufacturing (such as copper, tin, and oil). The size of these exports permanently established Latin America in the international

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rnment of Juan Peron from power. The U.S. refused to commit financial aid to Argentina and even the rest of Latin America; there was no "Marshall Plan" for Latin America (Thorp, 1992, p. 191). The political effect of such policies was to strengthen the anti-U.S. feelings even amongst the conservative elites who would normally be expected to support the United States. It did not help the United States that U.S. companies continued to be present in Latin American economies, sometimes taking on an overwhelming role. Thus, it became a standard feature of Latin American political movements to criticize the amount of influence of the United States in the region (Harris & Alba, 1974, pp. 106-108). Still, U.S. leaders feared communist inroads into Latin America enough that they continued to exert pressure on Latin American governments to accept more private U.S. investment in their countries (Thorp, 1992, p. 191). Compared to other periods in the 20th Century, the 1950s and early 1960s constituted a fairly stable period for Latin America, both economically and politically. There were some exceptions: Columbia was beset by a prolonged civil war during the period and Central America experienced revolutions and coups. Of course, the mo
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Approximate Word count = 5379
Approximate Pages = 22 (250 words per page)