Why is Latin America poorer than North America? The massive differences in wealth between a rich United States and a relatively poor central and south America is startling and hard to explain at first. In the video we delve into the key historical, political and economic factors that have led to this inequality, finding that the answer is more startling and interesting than initially expected.
–Contents of this video——————————–
00:00 – A Tale of Two Cities
01:29 – A Tale of Two Continents
04:03 – Spanish Colonization
07:09 – Enslaving Empire’s
09:18 – The Mountain of Silver (Cerro Rico)
12:00 – English Colonization
13:30 – Why The United States is So Rich
15:38 – Why Latin America is Still Poor
20:33 – Why is Latin America Poorer than North AmericaSupport the Channel! https://www.patreon.com/CasualScholar
–Sources used———————————————
Books:
– Why Nations Fail: The Origins of Power, Prosperity, and Poverty
– Bulmer-Thomas, V. (2003). The Economic History of Latin America since Independence (2nd ed., Cambridge Latin American Studies). Cambridge: Cambridge University Press. doi:10.1017/CBO9780511817397Scholarly Articles:
– https://projects.iq.harvard.edu/files…
– Coatsworth, John H. “Inequality, Institutions and Economic Growth in Latin America.” Journal of Latin American Studies, vol. 40, no. 3, Cambridge University Press, 2008, pp. 545–69, http://www.jstor.org/stable/40056706.
– https://www.nber.org/system/files/cha…