economic imperialism had profound effects on Latin America. Both before and after independence, the majority of Latin American laborers worked for large landowners. Their wages were low, and many ended up in debt. Meanwhile, large landowners became wealthier after independence. When new, free Latin American governments into power, they often bought up lands owned previously by the Church or natives and resold it at prices only the wealthy could afford. The incompetency of the landowners and the unequal nature of the land 's distribution prevent economic and social development in Latin
economic imperialism had profound effects on Latin America. Both before and after independence, the majority of Latin American laborers worked for large landowners. Their wages were low, and many ended up in debt. Meanwhile, large landowners became wealthier after independence. When new, free Latin American governments into power, they often bought up lands owned previously by the Church or natives and resold it at prices only the wealthy could afford. The incompetency of the landowners and the unequal nature of the land 's distribution prevent economic and social development in Latin