British Investment in Latin America, 1850–1950 A Reappraisal

For forty years much of the research on Britain's relationship with Latin America has been dominated by a rather narrow agenda, the boundaries of which were established by radical and conservative writers in the middle third of the twentieth century, just when Britain's role in Latin America was rapidly declining. Essentially this was a debate about power, that of British governments and businessmen on the one hand and Latin American governments and elites on the other. More recently, however, younger historians have begun to break free of the confines established by those writing in the 1950s and 1960s. As a result there is some hope that new research on this topic may offer more of interest to non-specialists and contribute to other historical debates, both in British and Latin American history. The purpose of this historiographical essay, which is based primarily, but not entirely, on the research undertaken in Britain during the last twenty years, is to review the recent literature on British investment in Latin America, and to investigate some of the implications of what we now know about the subject for our understanding of the evolution of Latin American societies.