Latin America Transforming Essay

788 words - 4 pages

Time and rules have been transforming countries in many ways; especially, in the 1850’s and the 1920’s, when liberals were firmly in control across Latin American region. Liberalism can be defined as a dominant political philosophy in which almost every Latin American country was affected. A sense of progress over tradition, reason over faith, and free market over government control. Although each country was different, all liberals pursued similar policies. They emphasize on legal equality for all citizens, progress, free trade, anti-slavery, and removing power from church. Liberals declared promising changes for Latin American’s future. But Latin America had a stronger hierarchical society with more labor systems, nothing compare to the United States societies. Liberals weren’t good for Latin America. What I mean by “good” is the creation of a turning point or some type of contribution towards success. I define “good” as beneficial or helpful. The Latin American economy was stagnant between 1820 and 1850 because of independence wars, transportation and the recreation of facilities. I describe this era as, “the era when Latin America when off road”.
The era of liberal rule was bad because Latin America seem to go nowhere during this time. The economy devastated during the 1800’s after the war of independence. Liberals wanted to create a healthy economy in Latin American regions. Instead, they cause economic decline. For example, the silver mines in Peru. The mines were suffering all kinds of problem; the most important was the high cost of machinery. They weren’t able to produce benefits because they had more expenses than profits. They needed capital to invest money from, but the region was full of land labor. There was no one to borrow from before the 1850. There were no banks at the region. London bankers had others places to invest in. They felt safer investing in industrialization and railroad buildings from other place like England and the United States. It was devastating because at that point Latin America was producing lots of silver, but there were buyers. In other words, the region ran very low on capital because of liberals.
The lack of transportation in Latin American countries was another economic problem. With none or few navigable resources like rivers, transportation was almost impossible at the time. The cost of transporting a consumer good from one place to another was too high. For...

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