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Economic Imperialism in Latin America

10.4 Notes. Economic Imperialism in Latin America. Standard and Objective. Objective-How was Latin America affected by industrialized nations? Standard- Describe the locations of colonial rule…Latin America. I. Lingering Problems. Democracy failed to take hold in new nations

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Economic Imperialism in Latin America

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  1. 10.4 Notes Economic Imperialism in Latin America

  2. Standard and Objective • Objective-How was Latin America affected by industrialized nations? • Standard- Describe the locations of colonial rule…Latin America

  3. I. Lingering Problems • Democracy failed to take hold in new nations • Old social classes and inequalities remained • Limited voting rights • Special privilege for Catholic Church • prejudice • Frequent power struggles that changed little

  4. II. Mexico and War with the United States • War with the United States • In 1835 settlers in Texas from the U.S. revolted set up independent republic • 1845 U.S. annexes Texas • Antonio Lopez de Santa Ana- dictator of Mexico declared war • Mexico lost • Treaty of Guadalupe Hidalgo- Mexico cedes almost half its territory to the United States

  5. III. La Reforma • Benito Juarez started La Reforma in 1855 • Revised constitution • Separate church and state • Less political power for the military • Civil war ensued between Juarez and conservatives who got help from the French • Juarez wins civil war, but died before he achieved all his reforms

  6. IV. Porfirio Diaz • Ruled until 1911 as a harsh dictator • Economy grew under his rule • Rich prospered b5ut most remained poor • Peonage system- hacienda owners would give advances on wages then require them to stay and work until it had been repaid

  7. V. The Economics of Dependence • During colonial rule colonies traded raw materials for finished goods with Europe • After independence the region remained dependent • Foreign investments helped but masses remained poor • Without demand for goods from the masses, few industries developed.

  8. VI. Influence of the United States • The Monroe Doctrine-Europeans don’t interfere with western hemisphere • U.S. joined with Cuban rebels to give them independence • Platt Amendment- added to the Cuban constitution says U.S. has a right to intervene in their affairs

  9. VI. Influence of the United States cont. • Roosevelt Corollary- U.S. shall act as a “police power” in Western hemisphere. • Dollar Diplomacy-U.S. shall protect its investments in western hemisphere • Panama Canal- U.S. back a Panamanian Revolution vs. Columbia in order to acquire the land for the canal.

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