Incorporation Of Latin American Societies To Internstional Capitalism

Question 0

What they did in the incorporation of Latin America in the free - trade?

Answer 0

Exporting cheap things and importing expensive things.
They created schools to prepare people and who started with a Company, they reduce costs and give money importing; and we didn’t.

Question 1

What was important in the free- trade in Latin America?

Answer 1

Source of raw material
Destination for manufactures
Money borrowers

Question 2

How was the development for us?

Answer 2

Poor (none) industrial system
Increasing public debt
Agriculture based economies
Mono-product economies (just produce one thing)

Question 3

Did the independence wars end of colonial dominion?

Answer 3

Viceroyalties separated
Political atomization big countries ( liberals and conservatives)
Constitutions
Euro/American models centralized government.

Design by elites not fully accepted/ understood by people.

Question 4

How was the United States and the boost economy?

Answer 4

During the late 1800s new technology led to rapid industrial growth. The main important things were:

• Engineering: infrastructure improvements
• Railroads: steamboats + subways: transportation improvements.
• Telegraph + typewriters: communication improvements
• Chemistry: Health improvements + new materials
• Employment: salary- consumption - production
• science + economy + politics

Question 5

In what were America focus in the invention stimulation?

Answer 5

In the system of manufacturing and many things became better as:
Communication improvement 
Production increase 
Transportation improvement 
Consumption 
Raw material demand 
New business forums 
Easter distribution 
Tax collecting

Question 6

What is mutual funds?

Answer 6

Are the first forms of capitalization.

Question 7

What were the public works of tax collecting?

Answer 7

Education
Sanitation
Infrastructure

Question 8

What were the two favorable climate for business bigger market ?

Answer 8

Free markets

• with capitalism
• business leader
• government

Social Darwinism

• inequalities
• applied to society

Question 9

How the business structure had changed?

Answer 9

Proprietorship and partnership
Corporations
Trusts ( invest budget )

Question 10

What is vertical and horizontal integration?

Answer 10

Horizontal: is when you buy competitive companies that sells the same as you.
Vertical: is when you buy all the production line of the products.