Define and discuss the patterns of economic development and underdevelopment in the Americas. What regions enjoyed economic development during the nineteenth century, and what were the major components of that development? What regions remained underdeveloped, and why?
What will be an ideal response?
ANSWER:
Students should recognize that all Western Hemisphere economies grew between 1800 and 1900. The growth of markets, technology, and population caused increases in wealth; however, growing economic interdependence and increased competition also caused structural problems. Two distinct tracks of development evolved: development and underdevelopment. Development included industrial development and prosperity, and underdevelopment included continued colonial dependence on exports of raw materials and low-wage industries. Students should be aware of the effects of world markets on these economies and know which economies were in North America and which were in South America.
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