The Latin America Economies in the World Trade
Into the World Market
Entered the 19th century
In 1840, the Latin American countries entered the great stage of the world market
Caused by
The diversification of demand in Europe and USA
Technical Innovations
Institutional Innovations
More Population and More Trade
Latin America exported primary products
and imported industrialized manufactured goods
Mexico: Petroleum
Venezuela: Bauxita, Petroleum
Colombia: Coffee
Ecuador: Hats, Quinina
Peru: Guano
Bolivia Silver, Tin
Chile: Flour, oil, wine
Argentina: Leathers, skins, tallows
Rubber: Peru, Ecuador, Brazil
Origin of Imports
USA, Great Britain, France, Germany
Latin American millionaires came to the scene spending fabulous sums in Paris or London.
A migratory process started from peasant sectors of Europe especially towards Argentina, Brazil and Chile.
Companies flourished in Latin America because tens of thousands of workers.
