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Essay / Latin America in the era of liberal rule - 699
Time and rules have transformed countries in many ways; particularly in the 1850s and 1920s, when liberals were firmly in control of the entire Latin American region. Liberalism can be defined as a dominant political philosophy that has affected almost all Latin American countries. 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 legal equality for all citizens, progress, free trade, the fight against slavery and the removal of the power of the Church. Liberals announced promising changes for the future of Latin America. But Latin America had a stronger hierarchical society with more work systems, nothing like American societies. Liberals were not good for Latin America. What I mean by “good” is creating a turning point or some form of contribution to success. I define “good” as beneficial or useful. The Latin American economy stagnated between 1820 and 1850 due to wars of independence, transportation and the recreation of facilities. I describe this era as “the time when Latin America was off the road.” The era of liberal rule was bad because Latin America didn't seem to be going anywhere during that time. The economy was devastated during the 1800s after the Revolutionary War. Liberals wanted to create a healthy economy in the Latin American regions. Instead, they cause economic decline. For example, the silver mines of Peru. The mines suffered from all kinds of problems; the most important was the high cost of the machines. They were unable to produce profits because they had more expenses than profits. They needed capital to invest, but the region was full of agricultural labor. There was no one in the middle of the paper because most Latin American states depended on import and export tariffs. They needed import and export tariffs to impose high taxes to create a healthy economy. But there was no import or export trade to tax on. These factors weaken the economy, there was no other solution than to borrow money. In most cases, borrowing money was fatal because there was no money to pay back. Most liberal governments have often defaulted by borrowing money. In conclusion, the liberal era was not good for Latin America because it brought economic devastation to most regions. Liberal leaders had promising changes, but they failed because they lacked the necessary resources and allies. They fail to create political communities and equal citizens. Liberals are trying to break colonial patterns and follow European trends, but Latin American societies were not ready for these reforms..