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In the economic sphere, the crown sought to gain control over church revenues. The Church functioned as one of the largest economic institutions within colonial Latin America. It owned and retained jurisdiction over large amounts of land, [37] which the crown wanted for itself because of the economic value which could be derived from the land. [41]
The lack of focus on Latin American development in the post-war period was addressed by the creation of the Inter-American Development Bank (IDB) was established in April 1959, by the U.S. and initially nineteen Latin American countries, to provide credit to Latin American governments for social and economic development projects. Earlier ideas ...
In 1776, the Anglo-American Thirteen Colonies and the American Revolution successfully gained their independence in 1783, with the help of both the Spanish Empire and Louis XVI's French monarchy. Louis XVI was toppled in the French Revolution of 1789, with the aristocrats and the king himself losing his head in revolutionary violence.
In Spanish America, José del Campillo y Cosío's Nuevo Sistema de gobierno económico para la América (New System of Economic Government for America) (1743) [11] was a key text that shaped the reforms. He compared the colonial systems of Britain and France to that of Spain, as the first two nations reaped far greater benefits from their ...
The Central American Crisis was, in part, a reaction by the most marginalized members of Latin American society to unjust land tenure, labor coercion, and unequal political representation. [1] Landed property had taken hold of the economic and political landscape of the region, giving large corporations much influence over the region and ...
The participation of the United States in regime change in Latin America involved US-backed coup d'états which were aimed at replacing left-wing leaders with right-wing leaders, military juntas, or authoritarian regimes. [1] Intervention of an economic and military variety was prevalent during the Cold War.
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.
The May Revolution (Spanish: Revolución de Mayo) was a series of revolutionary political and social events that took place during the early nineteenth century in the city of Buenos Aires, capital of the Spanish Viceroyalty of the Río de la Plata, a colony of the Spanish Crown which at the time contained the present-day nations of Argentina, Bolivia, Paraguay and Uruguay.