Latin American Export Boom in the 19th Century
Which factor best explains the rapid expansion of Latin American exports during the late nineteenth century, despite the region’s peripheral position in the global economic system?
The end of slave labor systems freed the workforce, allowing an increase in agricultural and mining outputs to meet rising global demands.
Intercontinental telegraph networks facilitated real-time business communications, spawning investment influx and boosting export sectors.
Latin American countries specialized in cash-crop exports, filling the demand created by British Free Trade policies.
Technological innovations in transportation, like steamships, opened new markets previously inaccessible due to cost-efficiency concerns.
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