Fund armies supply credit to these new emerging

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Fund armies, supply credit to these new emerging markets  (Chile 1820s – rise in British merchants; 50% of trade will be  controlled by British merchants) o Ruralization: creole elites and landed estates dominate (estates as  basis for caudillo rule – political military bosses) Hoped that independence would open up to a path of political  union and economic prosperity o Presence of Britain o Decline of power of urban elites (miners, state official, merchants),  countryside over city Weight of the economy and politics will land in the countryside Creole elites have retreated to the haciendas “Estancias” Own economic and political empires in the countryside o Maintenance of indigenous villages and society (in Argentina the  importance of the gaucho) o Political rule via caudillismo in absence of state institution Economic stagnation and political fragmentation are beneficial to indigenous and  Indians particularly to Mexico, central America and Chile  Pressure of colonial rule are released  Little market pressure for labor or land Can go about the business and avoid the pressures of the market economy Indians don’t fare particularly well, but the gauchos Mixed race rural working class Dictatorship of the countryside over the city is reflective of the racial  dictatorship of the gauchos over Europeans
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