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Latin America Key Terms
Latin America Mexico Central America South America Caribbean Islands
traditional economy Families produce only what they need to live Families make decisions ,[object Object]
hunting
gathering,[object Object]
Buyers and sellers make the decisions ,[object Object]
what can be sold
who can work
what you are paidRaul Castro is the President of Cuba.
communism Government has strong control of the economy and society What happens is a commandeconomy.
socialism type of economy  Property and labor will be distributed (spread) more equally
embargo to stop (ban) The U.S. used an embargo to stoptrade with Cuba An armsembargo means a country cannot get weapons
Free Trade Zone Area where people can buy goods from other countries without paying extra taxes  This increases trade A “F.T.Z.” doesn’t have this “wall.”
industrialized ,[object Object]
more factories and manufacturing
less farming,[object Object]
hotel manager
waiter
nurse Taxi driver in Buenos Aires, Argentina
migrant worker ,[object Object]
usually plants or harvests crops,[object Object]
hacienda ,[object Object]
Many Spanish people raised cattle on these when they came to Mexico,[object Object]
wages ,[object Object],Brazil’s currency
labor union Workers join together They fight for higher wages, workers’ rights and better working conditions
NAFTA North American Free Trade Agreement includes: Mexico, the U.S., and Canada
maquiladora Factory Workers put parts together and then ship products to another country to be sold 1/2 of Mexicans work in one
colony Land controlled by another country ,[object Object],Spanish colonies in L.A.
communist state Type of government Government believes in communism It has a commandeconomy Cuba is a communist state.
commonwealth  A territory They control a part of the government (self-governing) Another country controls some of the government Puerto Rico is a commonwealth.  So far, the people have voted not to become a U.S. state.
nationalize  The government takes control of  Usually farms and businesses Castro nationalized farms and factories in Cuba when it became a communiststate.
republic ,[object Object]
country with a president
the president is electedPanama is a republic.
parliamentary democracy ,[object Object]
Head of government is a Prime Minister
PM is chosen by the legislatureBelize is a parliamentarydemocracy.
mestizos mixed people They have Spanish and Native American blood Many people in L.A. have a mixed heritage
smog ,[object Object]

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Latin america vocabulary