Title: Latin American economy - Wikipedia
Headings: Latin American economy
Latin American economy
Contents
History
Pre–European contact
Civilizations in Mexico and the Andes
Tribute and trade
Record keeping
Circum-Caribbean, Amazonia, and peripheral areas
Colonial era and Independence (ca. 1500–1850)
Spanish conquest and the Caribbean economy
Silver, extraction, and labor systems
Sugar, slavery, and plantations
The development of the colonial economy
Manufactured goods
Transatlantic and transpacific trade in a closed system
Economic impact of independence
Early Post-Independence (1830–1870)
Obstacles to economic growth
Role of foreign powers
Export Booms (1870–1914)
Favorable Government Policies
Transportation and Communication
Export commodities
Guano
Sugar
Wheat
Coffee
Rubber
Petroleum
Mining
Environmental degradation
Immigration and Labor
New Order emerging (1914–1945)
Impact of World War I
Transportation
Banking systems
Manufacturing for a domestic market
Impact of the Great Depression
World War II
Changing role of the state, 1945–73
Social changes
Economic nationalism
New Institutional frameworks for economic development
Impact of the Cuban Revolution
1960s–1970s
Reorientations 1970s–2000s
Washington Consensus
Economic cooperation and free trade agreements
Migration and remittances
Corruption
Economic sectors
Main trading partners
Sectors by industry
Agriculture
Mining and petroleum
Manufacturing
Gallery
Financial
Infrastructure
Energy
Brazil
Main economies in the current era
Brazil
Argentina
Colombia
Mexico
Chile
Foreign investment
Brazil
Argentina
Colombia
Mexico
Chile
Regional risks
Currency risks
Trade uncertainty
See also
References
Further reading

Content: The Latin American economy is largely based on commodity exports, therefore, the global price of commodities has a significant effect on the growth of Latin American economies. Because of its strong growth potential and wealth of natural resources, Latin America has attracted foreign investment from the United States and Europe. Contents
1 History
1.1 Pre–European contact
1.1.1 Civilizations in Mexico and the Andes
1.1.2 Tribute and trade
1.1.3 Record keeping
1.1.4 Circum-Caribbean, Amazonia, and peripheral areas
1.2 Colonial era and Independence (ca. 1500–1850)
1.2.1 Spanish conquest and the Caribbean economy
1.2.2 Silver, extraction, and labor systems
1.2.3 Sugar, slavery, and plantations
1.2.4 The development of the colonial economy
1.2.5 Manufactured goods
1.2.6 Transatlantic and transpacific trade in a closed system
1.2.7 Economic impact of independence
1.2.8 Early Post-Independence (1830–1870)
1.2.9 Obstacles to economic growth
1.2.10 Role of foreign powers
1.3 Export Booms (1870–1914)
1.3.1 Favorable Government Policies
1.3.2 Transportation and Communication
1.3.3 Export commodities
1.3.3.1 Guano
1.3.3.2 Sugar
1.3.3.3 Wheat
1.3.3.4 Coffee
1.3.3.5 Rubber
1.3.3.6 Petroleum
1.3.3.7 Mining
1.3.4 Environmental degradation
1.3.5 Immigration and Labor
1.4 New Order emerging (1914–1945)
1.4.1 Impact of World War I
1.4.2 Transportation
1.4.3 Banking systems
1.4.4 Manufacturing for a domestic market
1.4.5 Impact of the Great Depression
1.4.6 World War II
1.5 Changing role of the state, 1945–73
1.5.1 Social changes
1.5.2 Economic nationalism
1.5.3 New Institutional frameworks for economic development
1.5.4 Impact of the Cuban Revolution
1.5.5 1960s–1970s
1.6 Reorientations 1970s–2000s
1.6.1 Washington Consensus
1.6.2 Economic cooperation and free trade agreements
1.6.3 Migration and remittances
1.6.4 Corruption
2 Economic sectors
2.1 Main trading partners
3 Sectors by industry
3.1 Agriculture
3.2 Mining and petroleum
3.3 Manufacturing
4 Gallery
4.1 Financial
5 Infrastructure
5.1 Energy
5.1.1 Brazil
6 Main economies in the current era
6.1 Brazil
6.2 Argentina
6.3 Colombia
6.4 Mexico
6.5 Chile
7 Foreign investment
7.1 Brazil
7.2 Argentina
7.3 Colombia
7.4 Mexico
7.5 Chile
8 Regional risks
8.1 Currency risks
8.2 Trade uncertainty
9 See also
10 References
11 Further reading
History
Pre–European contact
Aztec maize agriculture as depicted in the Florentine Codex
Inca farmers using a chakitaqlla (Andean foot plough)
Tribute from one region of the Aztec Empire as shown in Codex Mendoza
A quipu, an Andean device of tied knots for record keeping. El primer nueva corónica. On the lower left is a yupana – an Incan calculating device. A complex of 27 Inca warehouses above Ollantaytambo, Peru
There was no integrated economy in Latin America prior to European contact, when the region was then incorporated into the Spanish empire and the Portuguese empire. The peoples of the Western Hemisphere (so-called "Indians") had various levels of socioeconomic complexity, the most complex and extensive at the time of European contact were the Aztec Empire in central Mexico and the Inca empire in the Andean region, which arose without contact with the Eastern Hemisphere prior to the late fifteenth-century European voyages. The north-south axis of Latin America, with little east-west continental area, meant that movement of people, animals, and plants was more challenging than in Eurasia, where similar climates occur along the same latitudes. This prompted the rise of more isolated economic and political systems in pre-Contact Latin America.