Industrial Rev (jan 1, 1850 – jan 1, 1950)
Description:
- Latin American countries rich in materials used for machinery- Large scale investment of European capital in Latin America
- Us businesses invest 40% of Mexican property and controlled half its oil
- Capital used to build railroads
- Instead of own industrial Revolution, developed a form of economic growth largely financed by capital from abroad and dependant on European and American prosperity and decisions
Added to timeline:
Date:
jan 1, 1850
jan 1, 1950
~ 100 years