Boom and bust 0.0 / 5 ? Historyrise of brazilUniversityAll boards Created by: hannahshurmerCreated on: 12-06-19 13:14 How was the economy in the 1930s? one of the worlds poorest societies 1 of 35 How was the economy by the 1980s? 8th world highest economy 2 of 35 How quickly was the economy growing by 1980s according to Antonio Spilimbergo and Krishna Srinivasan? in Brazil: Boom and Bust, and the road to recovery, on average 8% a year 3 of 35 What does the rising economy show about globalization? globalization impact on peripheral societies 4 of 35 How does Joseph Smith describe Brazil's economic prosperity throughout history? idea that it has enormous economic prosperity which has persisted throughout history 5 of 35 How was the exploitation of natural resources characterised? recurring economic cycles of boom and bust 6 of 35 What and when were the main booms? Sugar in 17th century, mining in the 18th century and then later rubber and coffee 19th-20th century 1879-1912 7 of 35 What were the potitive impacts of concentration on agricultural and mineral exports? They brought wealth 8 of 35 what were the negative impacts of concentration on agriculture and mineral exports? distorted development and geographical location of domestic economy 9 of 35 How was Brazil effected by the world economy? vulnerable to external shocks such as ww1 and the Great Depression 10 of 35 How was the rise in national income mishandled? not evenly distributed among the population 11 of 35 How was the concentration on a single staple product used to determine the future of economics? Joseph Smith-provided a preview of future economic patterns 12 of 35 How useful was Brazilwood for the economy? produced only modest profits and contributed to moderate local economic activity 13 of 35 How successful was trade of Brazilwood ? Began to decline in value at the end of the 16th century 14 of 35 Why did brazilwood trade decline in value? destruction of accessible regions or coastal forest and scarcity of labour 15 of 35 Why was there a scarcity of labour? Sharp fall in Indian population because of European disease and harsh treatment 16 of 35 What years was the gold and diamond boom 1690-1750 17 of 35 What caused the inital gold boom? major gold strike in Minas Gerais in 1695 18 of 35 What was 18th century classed as for Brazil? golden age 19 of 35 How did Brazils gold impact the world? Provided more than half the world's gold supply and boosted world economy 20 of 35 Where did most gold go? exported directly to Portugal 21 of 35 How did Portugual use the gold? royal extravagance or to pay European powers such as England for imported manufactured goods 22 of 35 What did the gold enable portugal to do? purchase more goods which in turn helped finance the British Industrial Revolution 23 of 35 What were the highest levels of gold exportation? increased 5 times between 1700 and 1730, highest point 1760 exports = £2.5 million Was the leading gold producer 24 of 35 When did the gold boom begin to decline? by 1780, exports declined to below £1 million 25 of 35 What caused the decline and bust? mine exhaustion as migrants flooded to the area in their thousands, lack of roads and difficulties with transportation, 26 of 35 When was the coffee boom? 1830s to 1920s associated with Dom Pedro II who ruled 1840-1889 27 of 35 Why was the coffee boom significant? last of the countries 3 rich and powerful oligarchies 28 of 35 Why did ww1 cause a bust for Brazil? Allied wartime regualtions stopped British and French from buying from pro-German Brazilian firms caused a decline in exports 29 of 35 How badly was the decline on exports in ww1? £40 million in 1913 the £27 million in 1914-15 30 of 35 When did export levels increase again after the war? Business revived in 1915 after increased orders and demands from Allied powers but 1913 levels were not reached until 1919 31 of 35 How was the modern boom of 2002-2008 ended? catastrophic bust in 2014-2015 32 of 35 Has Brazilian broken the cycle? no the cycle still occurs even in the current time 33 of 35 Are busts getting less destructive? problems in 2015-2016 were traumatic but only wiped a little of Silva's achievements and advances 34 of 35 What is gained from the boom and bust economy of Brazil? Each cycle brought a step further to gradual diversification of economy 35 of 35
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