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February 22 - History 262 Modern Latin America At the end...

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History 262 Modern Latin America February 22, 2007 At the end of the 19 th century, Latin America is able to escape from the cycle of economic problems 1880-1920 – “Golden Age of Latin America” o Latin American exports are being sent all over the world o Mexico has a period of unprecedented economic growth at the end of the 18 th and beginning of the 19 th century o Argentina achieves wealth that in some cases exceeds European nations During this time, most Latin American countries are ruled by a traditional landed oligarchy Other phenomenon o Increasing urbanization in Latin America o Increased industrialization o Argentine beef industry grows New classes o Industrialists People who invest in industry and other parts of the modern economy o Urban proletariat People who work in factories and mines Labor unions emerge as a result of this industrial proletariat Political groups also emerge to represent them o Urban middle class
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