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TOPIC 16 LATIN AMERICAN ECONOMIES IN THE WORLD TRADE - Coggle Diagram
TOPIC 16 LATIN AMERICAN ECONOMIES IN THE WORLD TRADE
THE LATIN AMERICA ECONOMIES IN THE WORLD TRADE
Latin America experienced notable changes throughout the 19th century. The
population grew from 20 million inhabitants in 1820 to 62 million in 1900. Foreign
trade went from 50 million dollars in 1825 to 800 million in 1885 and over 1000
million in 1900.
Whom did they produce?
The production and extraction of these products were not magically crafted.
While some as many Latin American millionaires spent fabulous sums in Paris
or London, their companies flourished in Latin America because tens of
thousands of workers, with low wages and poor working conditions, produced,
transported, and shipped their exports to world markets.
DESTINATION OF LATIN AMERICAN EXPORTS
Thus, in the late nineteenth century, Latin America was firmly incorporated into
the international division of labor, by which Latin Americans exported primary
products (minerals, food without Process). With such incomes imported
industrialized manufactured goods. Of the total global exports of Primary
products, Latin America exported 18% of cereals, 12% of livestock, 62% of
coffee, tea and cocoa, 38% of sugar, 14% of fruits and vegetables, 25% of
rubber, furs, and leather
ORIGIN OF LATIN AMERICAN IMPORTS
In addition, Great Britain was the source of a good part of the Latin American
imports until the decade of 1870. However, by 1890, the U.S. and Germany
strongly defied British leadership. Germany did it on all continents, and with all
kinds of products, but the U.S.
