Latin America when It Was Under Liberal Rule

699 Words2 Pages

Time and rules have been transforming countries in many ways; especially, in the 1850’s and the 1920’s, when liberals were firmly in control across Latin American region. Liberalism can be defined as a dominant political philosophy in which almost every Latin American country was affected. A sense of progress over tradition, reason over faith, and free market over government control. Although each country was different, all liberals pursued similar policies. They emphasize on legal equality for all citizens, progress, free trade, anti-slavery, and removing power from church. Liberals declared promising changes for Latin American’s future. But Latin America had a stronger hierarchical society with more labor systems, nothing compare to the United States societies. Liberals weren’t good for Latin America. What I mean by “good” is the creation of a turning point or some type of contribution towards success. I define “good” as beneficial or helpful. The Latin American economy was stagnant between 1820 and 1850 because of independence wars, transportation and the recreation of facilities. I describe this era as, “the era when Latin America when off road”.
The era of liberal rule was bad because Latin America seem to go nowhere during this time. The economy devastated during the 1800’s after the war of independence. Liberals wanted to create a healthy economy in Latin American regions. Instead, they cause economic decline. For example, the silver mines in Peru. The mines were suffering all kinds of problem; the most important was the high cost of machinery. They weren’t able to produce benefits because they had more expenses than profits. They needed capital to invest money from, but the region was full of land labor. There was no one ...

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...on because most of Latin America states depended on import and export tariffs. They needed import and export tariffs to charge high taxes in order to create a healthy economy. But there were no import or exports trades to tax from. These factors weaken the economy, there was no other solution but to borrow money. In most cases borrowing money was fatal because there was no money to pay back. Most liberal governments often defaulted by borrowing money.
In conclusion, the liberal era wasn’t good for Latin America because it created economic devastation in most regions. Liberal leaders had promising changes, but they failed because they didn’t had the resources or allies. They fail to create political communities and equal citizens. Liberals attempt to break the colonial patterns and follow European trends, but Latin America societies were not ready for these reforms.

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