URGENT!! Will give brainliest! What were the economic systems of Latin America in the 18th-mid 19th centuries?

The first decades of the second half of the 19th century represented the beginnings of a fundamental shift in the still-young nations of Latin America. At the heart of this transition was a growing orientation of the economies of the region to world markets.

Explanation:

Latin America as a region has multiple nation-states, with varying levels of economic complexity. The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean.

The early 1800s radically altered the history of Latin America. Spain had progressively colonized parts of South, Central and North America since the early 1500s, exploiting the region's natural resources, decimating native populations and importing millions of black African slaves.

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