th the fall of colonialism and the onset of an independent government, two major transitions occurred. First, the newly independent governments advanced peoples of European blood and descent into the majority of political positions and a new upper class was established, "Given these new economic incentives, landowners and property owners were no longer content to run subsistence operations on their haciendas; instead they sought opportunities and maximized profits" (S+S, 45); this would later affect economics, politics and society as a whole. Second, entry into a development period attempting a new model of growth, focused primarily upon the creation and balance of imports and exports. The outcomes of this period varied for different countries of Latin America, mainly dependent upon the resources found inside their borders and the desire of the outside world to invest within. Investment served as both the promise and poison of this period. With the Industrial Revolution altering production priorities around the world, less developed area
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