U.S. Economic Imperialism
Savannah, Cole, Jhett, Will
U.S. Economic Imperialism
- Most people were poor
- A lot of people worked on farms where there landowners took advantage of them
- Leaders rivaled one another for power
- Dictators refused to give power to the mass of the poor
- Military dictators usually held power with the backing of landowners
U.S. Economic Imperialism
- old trade was gone when Spain no longer ruled the lands
- The new countries could now trade with any nation
- Britain and the United States became chief trading partners
- Soon businesses in these nations dominated Latin American economies
U.S. Economic Imperialism
- The economies of Latin America depended on exporting goods
- Each country focused on producing and exporting 1 or 2 goods
- The volume of exports rose rapidly
- The coming of railroads and steamships helped
U.S. Economic Imperialism
- They shipped goods such as coffee, beef, fruits, and vegetables.
- Latin American countries often borrowed money to expand the facilities used to increase those exports
- Latin America did not develop industries of its own
- When they could not repay loans, lenders took control of the business
- The people of Cuba were fighting for their independence from Spain