In post-colonial Latin America and Africa, excessive tiers of violence, political instability, monetary balkanization, and anti-exchange guidelines all sabotaged the monetary boom and decreased kingdom capacities under the already low tiers that had characterized the colonial regimes.
In the 19th century following independence, many economies of Latin America declined.
In the past due 19th century, a lot of Latin America became included in the sector financial system as an exporter of commodities.
Therefore, these were the transformations that happened in Latin America after gaining independence from Spain and Portugal.
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