Social Studies - 2019-20

WG.6 c - Economic Characteristics of Latin America and Caribbean

The student will analyze the characteristics of the Latin American and Caribbean regions by 

c) explaining important economic characteristics;  

Adopted: 2015

BIG IDEAS

UNDERSTANDING THE STANDARD

The Latin American and Caribbean regions have a wide variety of natural resources. 

The abundance of natural resources helped the Latin American and Caribbean countries develop diversified economies.

ESSENTIALS

Economic characteristics 

• Diverse economies 

• Subsistence farming 

• Plantation agriculture 

• Slash-and-burn agriculture 

• Cash crops and food crops 

• Haciendas 

• Cattle ranges, gauchos 

• Deforestation 

• Destruction of rain forests 

• Oil resources: Ecuador, Venezuela, and Mexico 

• Heavy smog, pollution: Mexico City 

• Disparity of income distribution 

• North American Free Trade Agreement (NAFTA): Mexico, Canada, United States. 

• Diverse mineral resources (e.g., copper in Chile, iron ore in Venezuela and Brazil) 

Major natural resources 

  • Forestry 
  • Minerals 
  • Fertile soil 
  • Water

KEY VOCABULARY

Updated: Jun 13, 2018