Throughout history since the birth of Civilizations such as Egypt or the Roman empire, economics has played a vital role in assessing the strength and global dominance of a Nation over its adversaries. The components which make up a nation’s economy vary from one another as certain countries are geographically located to resources which make for a better economic source as well as the strength of a countries coastal structure. America a relatively new nation in the perspective of civilizations has the strongest economy ever in recorded history due in large part to the nations ability to produce products at high level and export them to needy consumers. Found in the same hemisphere Brazil the largest country found in South America is trying
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The Brazilian people were living under systems of substance farming and tribal lifestyles which required little need for monetary forms or luxury resources. With the introduction of European settlers came new ideas and lifestyles which ultimately overtook the tribal practices of the region. The European intruders were very cruel on the native population who they looked upon as savages whose only purpose were to be used for physical labor. From an early age it apparent that Brazil’s economy was a main proponent in the negative outlook the country maintained amongst foreigners who conducted business with the country. The countries lack of modern economic practices also affected their social and governmental development which lagged behind their global counterparts. A lack of a true economy and monetary source prevented brazil from establishing any form of a centralized government or expansive rule over the region. The lack of a sustainable globalized economy led Brazil to being extremely susceptible to the introduction of any new economic system the Europeans installed in the area regardless of the benefits or disadvantages the system would bring upon the country. The Portuguese who would eventually claim Brazil under their dominion saw the opportunity to exploit the natural resources of the region and maintain a vast …show more content…
Brazil was one of the first Latin American countries to break this mold and distinguish themselves as a self-sufficient economy based country which was equipped for the modern era. Following the end of slavery until the end of World War 2 Brazil was what most political scientist or anthropologist would consider a third world country as the large economic gap that developed out of the slave system and continued to persist throughout the coffee boom continued to increase the economic divide between the rich and the poor leaving a larger percentage of citizens living in subpar conditions. According to James Petra of global research “Between the mid 1930’s to the mid 1980’s, Brazil averaged nearly 10% growth in its manufacturing sector largely based on state interventionist policies” (Petra, 2013). A large portion of this growth was experienced under the rule of a military dictatorship in which a large focus of the economy was placed on state, foreign, and national private capital which spurred rapid economic growth. Brazil was gradually shifting to maintaining a better economic median for it workers which help push Brazil from a third world status to a second world country. Throughout the 90’s steps were taken to liberalize the economy and nationalize certain business in the economy such as the mineral and petroleum industry. The
The Brazilian people were living under systems of substance farming and tribal lifestyles which required little need for monetary forms or luxury resources. With the introduction of European settlers came new ideas and lifestyles which ultimately overtook the tribal practices of the region. The European intruders were very cruel on the native population who they looked upon as savages whose only purpose were to be used for physical labor. From an early age it apparent that Brazil’s economy was a main proponent in the negative outlook the country maintained amongst foreigners who conducted business with the country. The countries lack of modern economic practices also affected their social and governmental development which lagged behind their global counterparts. A lack of a true economy and monetary source prevented brazil from establishing any form of a centralized government or expansive rule over the region. The lack of a sustainable globalized economy led Brazil to being extremely susceptible to the introduction of any new economic system the Europeans installed in the area regardless of the benefits or disadvantages the system would bring upon the country. The Portuguese who would eventually claim Brazil under their dominion saw the opportunity to exploit the natural resources of the region and maintain a vast …show more content…
Brazil was one of the first Latin American countries to break this mold and distinguish themselves as a self-sufficient economy based country which was equipped for the modern era. Following the end of slavery until the end of World War 2 Brazil was what most political scientist or anthropologist would consider a third world country as the large economic gap that developed out of the slave system and continued to persist throughout the coffee boom continued to increase the economic divide between the rich and the poor leaving a larger percentage of citizens living in subpar conditions. According to James Petra of global research “Between the mid 1930’s to the mid 1980’s, Brazil averaged nearly 10% growth in its manufacturing sector largely based on state interventionist policies” (Petra, 2013). A large portion of this growth was experienced under the rule of a military dictatorship in which a large focus of the economy was placed on state, foreign, and national private capital which spurred rapid economic growth. Brazil was gradually shifting to maintaining a better economic median for it workers which help push Brazil from a third world status to a second world country. Throughout the 90’s steps were taken to liberalize the economy and nationalize certain business in the economy such as the mineral and petroleum industry. The