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]
Latin America–United States relations The Mexican Revolution started in 1911; it alarmed American business interests that had invested in Mexican mines and railways. United States involvement in the Mexican Revolution, include, among other violations of sovereignty, the ambassadorial backing of a coup and assassination of President Francisco I. Madero and the military occupation of Veracruz. Large numbers of Mexicans fled the war-torn revolution into the southwestern United States. Meanwhile. the United States increasingly replaced Britain as the major trade partner and financier throughout Latin America. The US adopted a â€œGood Neighbor Policy" in the 1930s, which meant friendly trade relations would continue regardless of political conditions or dictatorships. United States signed up the major countries as allies against Germany and Japan in World War II. However, Argentina refused to accede. The era of the Good Neighbor Policy ended with the ramp-up of the Cold War in 1945, as the United States felt there was a greater need to protect the western hemisphere from Soviet Union influence and a potential rise of communism. These changes conflicted with the Good Neighbor Policy's fundamental principle of non-intervention and led to a new wave of US involvement in Latin American affairs.