The Cause Of Brazil's Economic Failure

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This problem shouldn’t have happened if Brazil was in good enough economic shape to win the bid some may say, but in truth Brazil was always destined to have a major economic failure such as this, even if they didn’t know it. Throughout Brazil’s history they have had many setbacks that always ended in economic struggles similar to the one they are now facing. It all started in 1500 when Portugal claimed the land for the Portuguese King. They ruled over the colony for over 3 centuries until it was claimed by a local ruler. During this time slavery was the main import of the country covering about 40% of the total shipped to the Americas and once it was abolished it caused a great labor shortage that at the time caused much of their economic

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