why didn't latin american nations develop an industrial base during the 19th century
Latin America This newly gained British dominance hindered the development of Latin American industries and strengthened the dependence on the world trade network.[53] Britain now replaced Spain as the region's largest trading partner.[54] Great Britain invested significant capital in Latin America in order to develop the area as a market for processed goods.[55] From the early 1820s to 1850, the post-independence economies of Latin American countries were lagging and stagnant.[50] Eventually, enhanced trade among Britain and Latin America led to state development such as infrastructure improvements. These improvements included roads and railroads which grew the trades between countries and outside nations such as Great Britain.[56] By 1870, exports dramatically increased, attracting capital from abroad (including Europe and USA).[57]
History of South America While millennia of independent development were interrupted by the Portuguese and Spanish colonization of the late 15th century and the demographic collapse that followed, the continent's mestizo and indigenous cultures remain quite distinct from those of their colonizers. Through the trans-Atlantic slave trade, South America (especially Brazil) became the home of millions of people of the African diaspora. The mixing of races led to new social structures.