Why is Latin America so poor?

Question

The US is the richest nation in the world. But south of the border, many people make next to nothing. The question is, why?

Answer 1

Bad distribution of wealth from the beginning. Too much corporate, colonial, and land-baron greed.
The United States was built by pioneers who owned what they built.
Not so in South America.

Answer 2

- it is a sturdy question. Colonial Latin united states of america of america became truly a lot richer than Colonial Northern united states of america of america. The peso became truly the main excellent forex of the hemisphere. - many times, the U. S. became wealthy after the progressive warfare. As wars pass, the U. S. progressive warfare became no longer truly unfavorable. the government became good for almost 70 years earlier it collapsed. - The progressive wars have been unbelievably unfavorable in Latin united states of america of america. most of the international locations went right into a poor era of decline afterwards. Governments have been many times volatile and assasinations have been elementary. - i think of a lot could desire to be blamed on the extensive type differences in society in Latin united states of america of america. truly once you have slave or less expensive hard artwork you have no longer have been given an commercial revolution. the american South by no ability stepped forward an commercial revolution. - without the commercial base, while the loss of existence expenses went down interior the 1930's, the inhabitants exploded. ======================================... even although, with the falling fertility expenses in Latin united states of america of america there's a danger that their common of residing will boost rapidly. Brazil, Uruguay, Argentina, and Chile already have decrease fertility expenses than the U. S.. Mexico isn't that a lot greater than the U. S.. The census Bureau predicts that US could have a a techniques better fertility fee than each and every united states interior the western hemisphere (different than Haiti and Paraguay) by the 12 months 2050. Coupled with persevered immigration, it is available that some Latin international locations could have as extreme or GDP per capita than the U. S. in some a protracted time.

Answer 3

Becuase otherwise USA wouldn't have slaves.
Overpopulation??? Gimme a breakk!!!!
Some people can make me sick!
They give an answer and they have no idea what it is to suffer in a poor country.
Besides, US is not the richest nation in the world. Some other countries are 10000 times richer, and I'm not only talking about money, I'm talikng about education and values.

Answer 4

It's probably due to the original intentions and the mix of people in Latin America. In the US, you had immigrents who came here determined to do better than before. Therefore, their determination built industry, commerce, and a better way of life. In Latin America, the majority of people were already there, living their own happy lives before the spanish came. Then they where inslaved and just treated badly by the Spanish. Therefore, they have little initial ambition to make the continent as a whole better. The majority of the original population of Latin America wanted to live, whereas the initial population of the US wanted to thrive.

Answer 5

Latin America isnt poor.
It has ircher more peacefull countries and poorer more violent countries. The problem is distribution of wealth, alot of Latin American countries have a huge disparity between the rich and the poor. Other of course are simply poor, and other do relatively well. It depends which country your looking at. Of course you cannot compare them to Canada and the US, but i think we are just spoiled.

Answer 6

Whether you like the answer or not, it's because of the people themselves. You can claim colonialism or some other excuse, but America suffered colonialism and poverty too. And we overcame it. Sad as it may seem, those countries are third world because of the inhabitants. That's all they'll ever amount to on their own.

Answer 7

Poor initial planning? Luck? Who knows? I will say though, that for believing that I've been unlucky almost all of my life, I was born lucky in that I was born in a country that is capable of taking care of their own without leaning on other countries for help or illegal activities.

Answer 8

They are not imperialistic invaders like the gringos, USA started with 13 small colonies and since then they have invaded territories once and again.

Answer 9

I think overpopulation is one of the reasons. Also, lack of access to education and healthcare in many of the countries, and governments that don't care about their people so they misuse tax money.

To one of the people who answered the question, let me say that "America" is the whole American continent, including Latin America. United States is a better term.

Answer 10

No money, not much industry or tourism, high inflation, high government debt. Not much natural resources to sell. Reasons like that. Again, no money.