Ask Question
18 November, 13:44

During the 19th the economics in most Latin American countries relied primarily on the expert of

+5
Answers (1)
  1. 18 November, 14:09
    0
    Most people were engaged in agriculture as in the U. S. in 1820. They farmed to feed and clothe themselves; in other words, they engaged in subsistence agriculture. Most people did not own land. The land was owned by a few, such as hacendados or the Roman Catholic Church.

    There were export sectors in economies. Exports were of two basic kinds: agricultural and mineral. Argentina and Uruguay exported cattle hides and salted beef. Bolivia exported silver and mercury; Peru: silver and, later, guano; Colombia: precious metals and sugar; Brazil: sugar and, later, coffee; and Mexico: silver, gold, and cotton. Most of these exports went to Europe. Little went to each other. None of it in huge volumes even in Argentina until the late 19th century. The countries lacked capital, communications networks, and technology to develop the export business. Besides, the upper class was able to meet its needs without much economic expansion. Societies were run for the benefit of the upper classes.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “During the 19th the economics in most Latin American countries relied primarily on the expert of ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers