The Spanish colonization created the Creole bourgeoisie, which, when developed and in conflict with imperial interests, governed the emancipation of Latin America.
Latin American internal development was subordinate to the metropolis from the beginning. Her economy was created to serve the interests of the mother country.
Latin America's role as a producer of raw materials dates back to the colonial era. The development of local industry - a condition which, along with agrarian reform, is necessary for the creation of the internal market - has been hampered by Spain.
The colonies performed two functions: to export raw materials and to import finished goods.
