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1 - Before the War

Published online by Cambridge University Press:  22 October 2009

Bill Albert
Affiliation:
University of East Anglia
Paul Henderson
Affiliation:
University of East Anglia
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Summary

Industrial capitalism was the major revolutionary force in the nineteenth century. It not only transformed the economic, political and social life of much of Europe and the United States, but its influence was also felt throughout the world as over the century it fashioned a multilateral, interdependent world economy to serve its interests. Latin America's role within this system was essentially the same as it had been in the colonial period, to supply raw materials and foodstuffs in exchange for manufactured goods. The decision of the local elites to continue to organize their economies to complement those of Europe, a decision which in general only became clear and strong after some decades of post-independence conflict, was both understandable, and given the prevailing international hierarchy of economic power, realistic. It also admirably suited their own economic interests, which, of course, they equated with the national interest. However, it should not be imagined that there was always agreement or harmony among the various sectors of the elite or between them and foreign capital. There were, for example, varying degrees of intra-elite conflict in all four countries, leading in the most extreme cases to civil war. There were also disputes, often extremely acrimonious ones, between Latin American governments and foreign economic interests. Through all this there was, however, no serious challenge to the basic tenets of development hacia afuera. There was simply no other way to accumulate wealth so quickly.

Type
Chapter
Information
South America and the First World War
The Impact of the War on Brazil, Argentina, Peru and Chile
, pp. 7 - 36
Publisher: Cambridge University Press
Print publication year: 1988

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  • Before the War
  • Bill Albert, University of East Anglia
  • Assisted by Paul Henderson, University of East Anglia
  • Book: South America and the First World War
  • Online publication: 22 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511529184.002
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  • Before the War
  • Bill Albert, University of East Anglia
  • Assisted by Paul Henderson, University of East Anglia
  • Book: South America and the First World War
  • Online publication: 22 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511529184.002
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Before the War
  • Bill Albert, University of East Anglia
  • Assisted by Paul Henderson, University of East Anglia
  • Book: South America and the First World War
  • Online publication: 22 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511529184.002
Available formats
×