Compare the economic development of Latin America and the United States

Compare the economic development of Latin America and the United States at the turn of the 19th and 20th centuries. Similarities and Differences.

Latin America differed from the United States in economic and political fields of activity. The two continents were engaged in different trades and relationships. In Latin America, productive activity, supported by foreign capital, prevailed. This made countries dependent on external states and factors. In the United States, trade developed more actively thanks to new technologies and scientific implementations in production. They began to control the market much earlier and seize new spheres of influence for the development of trade.