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U.S. ECONOMIC IMPERIALISM IN LATIN AMERICA CHAPTER 28, SECTION 3 The United States places increasing economic and political pressure on Latin America during.

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Presentation on theme: "U.S. ECONOMIC IMPERIALISM IN LATIN AMERICA CHAPTER 28, SECTION 3 The United States places increasing economic and political pressure on Latin America during."— Presentation transcript:

1 U.S. ECONOMIC IMPERIALISM IN LATIN AMERICA CHAPTER 28, SECTION 3 The United States places increasing economic and political pressure on Latin America during the 19 th century,

2 Objectives  To explain how Latin America’s colonial legacy and political instability shaped its history after independence  To document how foreign powers influenced the growth of Latin American economies  To describe U.S. intervention in Latin America

3 Latin America After Independence Colonial Legacy  Political gains mean little to desperately poor Latin Americans  Peonage systems keeps peasants in debt; landowners grow wealthy Political Instability  Caudillos – military dictators – gain and hold power, backed by military  By the mid-1800s, caudillos rule in most Latin American countries  Reformers sometimes gain office, but eventually are forced out  Wealthy landowner support caudillos; poor people have few rights

4 Economies Grow Under Foreign Influence Old Products and New Markets  Economies depend on exporting one or two products  Trains and refrigeration increase demand for Latin American foods  Latin Americans import manufactured goods; industrialization lags Outside Investment and Interference  These countries build few schools, roads, hospitals  Governments forced to borrow money from other countries  Loans not repaid; properties repossessed; foreign control increases

5 A Latin American Empire The Monroe Doctrine  Newly independent countries of the Americas are insecure  In 1823, U.S. issues Monroe Doctrine – prevent European recolonization of the Americas  “the American continents… are henceforth not to be considered as subjects for future colonization by European powers”

6 A Latin American Empire Cuba Declares Independence  In 1868, Cuba declares independence, enters 10 year war with Spain and is defeated  In 1895, Jose Marti – Cuban – writer launches war for Cuban independence  U.S. fights to help Cuba in 1898, leading to Spanish-American War (economic stake)  In 1901, Cuba nominally independent; U.S. has significant control  After war, Spain gives U.S. Puerto Rico, Guam, the Philippines

7 A Latin American Empire Connecting the Oceans  US wants faster way of going from east to west coast by ship  President Roosevelt backs idea of building canal across Panama  Colombia rejects Roosevelt’s $10 million canal offer  In 1903, Panama gains independence from Colombia with US help  Panama gives land to US to build canal  US builds Panama Canal – waterway connecting Atlantic and Pacific

8 A Latin American Empire The Roosevelt Corollary  US bolsters its influence in Latin America through many avenues  Many US business investments in Cuba, other countries  In 1904, Roosevelt issues update of Monroe Doctrine  Roosevelt Corollary – US can be police power in the Americas  US uses corollary to justify repeated military interventions


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