Latin America: Paths to development

Question 1

Dependency on exports

Answer 1

• Exports form over 25% of GDP in all but two Latin American nations by 1912
• Peru Guano boom until 1876
• Rubber in Brazil and Colombia in 19th/20th ceturies
• nitrates in Chile

Question 2

Latin Ameirca nd the world

Answer 2

-Between 1880 and 1913, Latin American share of world trade increasedy by 40%

Question 3

Historians

Answer 3

• Bulmer-Thomas argues growth was unsustainable
• Lauria-Santiago says export was necessary
• Alan Knight Business imperialism

Question 4

Export growth rates

Answer 4

• Before WW1 Argentina had growth rates of 6.1% and CHile of 4.3%
• Most other nations under 3% which was not enough

Question 5

Dependency on foreign nations facts

Answer 5

-Latin American securities amounting to almost 18% of British international investments in 1853

Question 6

United States investiment

Answer 6

• Buying Panama from Colombia in 1903
• Panama canal in 1914
• Banana republic coined by O’Henry in 1901 with United Fruit Company

Question 7

-Positive foreign investment

Answer 7

-British railway engineers meant thaty by 1910 Latin America made up 10% of global railway mileage, up from 2% in 1870