USM Open Source History Text: The World at War: World History 1914-1945

European and U.S. Economic Power in Latin America During The Export Boom

Though foreign companies, notably from Britain and the United States, financed a lot of Argentina’s industrial and transportation infrastructure, the state of things in Buenos Aires was relatively independent compared with Argentina’s Latin American neighbors. Throughout Latin America, European and U.S. investment flowed into developing Latin America’s infrastructure and exploiting its commodities. Most of the investment failed to benefit the Latin American people and was done for U.S. and European corporate profit. Here are a few examples of this corporate imperialism, which used healthy kickbacks to Latin American conservative leaders in order to entrench their hold on key commodity sectors. Key commodities were divided into two types: food and industrial products (metals, oil, rubber, etc.).

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