Why is Latin America poorer than North America? The massive differences in wealth between a rich United States and a relatively poor central and south America is startling and hard to explain at first. In the video we delve into the key historical, political and economic factors that have led to this inequality, finding that the answer is more startling and interesting than initially expected. Please Subscribe! null -Contents of this video------------------------------- 00:00 - A Tale of Two Cities 01:29 - A Tale of Two Continents 04:03 - Spanish Colonization 07:09 - Enslaving Empire's 09:18 - The Mountain of Silver (Cerro Rico) 12:00 - English Colonization 13:30 - Why The United States is So Rich 15:38 - Why Latin America is Still Poor 20:33 - Why is Latin America Poorer than North America ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CASUAL SCHOLAR IS MADE POSSIBLE BY OUR PATREON COMMUNITY! Support the channel by becoming a Patron today! 👉 https://www.patreon.com/CasualScholar The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: Talon Hickey, Hayden Haun, Emmanuel Fredenrich, Pulaski, Adrian Willenbücher ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ -Sources used-------------------------------------------- Books: - Why Nations Fail: The Origins of Power, Prosperity, and Poverty - Bulmer-Thomas, V. (2003). The Economic History of Latin America since Independence (2nd ed., Cambridge Latin American Studies). Cambridge: Cambridge University Press. doi:10.1017/CBO9780511817397 Scholarly Articles: - https://projects.iq.harvard.edu/files/history-culture-society-workshop/files/acemoglu_2.pdf - Coatsworth, John H. “Inequality, Institutions and Economic Growth in Latin America.” Journal of Latin American Studies, vol. 40, no. 3, Cambridge University Press, 2008, pp. 545–69, http://www.jstor.org/stable/40056706. - https://www.nber.org/system/files/chapters/c10652/c10652.pdf #WhyisLatinAmericaPoorerthanNorthAmerica #LatinAmerica #Venezuela #Mexico #Economics #WhyisTheUnitedStatesSoRich