Rather than chronology, geography, or political successions, Eduardo Galeano has organized the various facets of Latin American history according to the patterns of five centuries of exploitation.
It is also an outstanding political economy, a social and cultural narrative of the highest quality, and perhaps the finest description of primitive capital accumulation since Marx. debut a quarter-century ago, this brilliant text has set a new standard for historical scholarship of Latin America. The Dutch largely funded Portuguese business dealings in sugar in Latin America.Tracing five centuries of exploitation in Latin America, a classic in the field, now in its twenty fifth year However, sugar became a major Portuguese activity. Section 2 Summary: “How the Soil Was Ravaged in Northeast Brazil”Īs the mining of precious metals was the primary activity for Spain in its colonies, sugar became secondary. There was also widespread poverty based on the exploitative nature of plantation work. The widespread cultivation of sugar led to soil degradation, disabling other crops from growing as easily. Much like gold and silver, the integration of sugar in the world market produced several detrimental effects. While slave labor is now abolished, the latifundia system continues to exploit marginalized people for their cheap labor, which bears resemblance to the conditions of enslavement. The early plantation system employed black and Indian slave labor to cultivate sugar. The demand for sugar also created the plantation system, which eventually evolved into the modern-day latifundia system.
As demand for sugar grew abroad, canefields increased in number across the Americas, especially in the Caribbean Islands and along the Peruvian coast. After the mining of gold and silver, Latin America also yielded a new source of wealth for Europe in the form of sugar.
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