Define and discuss the patterns of economic development and underdevelopment in the Americas. What ...

ANSWER:
Students should recognize that all Western Hemisphere economies grew between 1800 and 1900. The growth of markets, technology, and population caused increases in wealth; however, growing economic interdependence and increased competition also caused structural problems. Two distinct tracks of development evolved: development and underdevelopment. Development included industrial development and prosperity, and underdevelopment included continued colonial dependence on exports of raw materials and low-wage industries. Students should be aware of the effects of world markets on these economies and know which economies were in North America and which were in South America.