Economy Of Brazil Essay

1470 words - 6 pages

Economy of Brazil

Defining Economy
I am researching the economy of Brazil. The definition of economy: The Management of the income, expenditures, etc of a household, business, community, or government. Careful management of wealth, resources, etc; avoidance of waste by careful planning use; thrift or thrifty use. (1) The system or range of economic activity in a country, region, or community. (2)
Characteristics of Brazil
The country of Brazil official name is Federative Republic of Brazil, the term for citizens is Brazilian, and its capital is Brasilia. Brazil gained its independence for Portugal September 7, 1822. Brazil shares boundaries with all South American countries except Chile and Ecuador, and is 8,511,996 square kilometers (3)
The population of Brazil is 158.9 million with an average growth of 1.2% from (1994-1998). Brazil Gross Domestic Product is $1111.5 billion with an average growth of 3.2%. The per capita income is $4,820; these numbers are quite typical for a Latin American country. (3)
The Economy During the Pre-Colonial Period
European colonialism basically developed the economy in Brazil. The territory that comprises modern Brazil had a native population in the millions, divided among hundreds of tribes and language groups. Their ancestors have lived in this land for as long as 30,000 years. The Indians spoke languages that scholars have classified into four families: the Gê speakers, originally spread along the coast and into the central plateau and scrub lands; the Tupí speakers, who displaced the Gê on the coast and hence were the first met by the Portuguese; the Carib speakers in the north and in Amazônia, who were related distantly to the people who gave their name to the Caribbean; the Arawak (or Aruak) speakers in Amazônia, whose linguistic relatives ranged up through Central America to Florida. These were not tribes but language families that comprised many language groups. Numerous tribes also spoke languages unrelated to any of the above. These tribes are believed to have lived off the land as hunters and gathers. (4)

European Colonialism Effect on the Economy
European colonialism changed the economy in Brazil drastically. The country went basically from hunters and gatherers to a major source of goods for exports do largely to the Portuguese. Portugal explored Brazil because of the European commercial expansion of the fifteen and sixteenth centuries. Portugal began in the fifteenth century to search for other routes to the sources of goods valued in European markets. At first the Portuguese did not find mineral riches in their American colony, but did not lose hope. The Portuguese had to defend the Brazil from European intruders, they did this by establishing a pioneer colonial enterprise. They began to produce sugar, and then in 1531 cattle began to arrive in Brazil, and developed quickly as an industry. The cattle developed to the needs of the sugar industry for transportation...

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