Geared toward less labor intensive sues such as cattle ranching The minidundia

Geared toward less labor intensive sues such as

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Geared toward less labor-intensive sues, such as cattle ranching The minidundia production was more labor intensive Independence 1810 - 1824 Arrived for more states by 1822 Land: Reinforced legitimacy of dual land dist: latifundia/minifundia Patterns of land tenure were unchanged - hindering competition in Agro sectors - opportunity missed!! Politics: Preserved intact control of political system by elite Institutional modernization favoring equal legal rights for citizens was not pursued as in the US Why the Great Divergence? before: LAC remained on the periphery as the Industrial Revolution took o ff in Europe and US After: LAC did not have a strong industrial base nor secure international markets for their production surplus (commodities) The First LAC Boom External Reasons for the Boom Industrialization in the US and Britain: created growing demand for raw material and tropical commodities in the LAC, which responded the demand from the outside England dismantled international trade production: ore receptive to import raw materials from aboard Technology advanced aboard: the steam engine leads too cheaper transportation costs New and a
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