economics

Transatlantic Immigration and the Social Origins of Elites in Late Colonial Spanish America

June 15, 2016
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The pervasive problem of social inequality in Latin America, manifested in a huge chasm between immensely wealthy elites and poor masses, has its origins in the colonial era. For three hundred years, Spanish American economic elites were made up of immigrants from the Iberian peninsula who got rich by entering the highly lucrative enterprises of wholesale commerce and the production of export goods, such as silver and sugar.

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