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 industrialisation Belgium was the first country to develop a proper industry in continental Europe and was the second in the world (after the United Kingdom). In Germany, Austria, Bohemia and Scandinavian countries a real modern industrialisation started only in 1840s. In Poland, Slovakia, Hungary after 1880 and in Baltics, Ukraine and Russia after 1890.