Economy of South America centuries. This can be explained by South America´s high concentration on primary commodities as well as the state of the educational system and institutional structure, some of which are still related to its colonial past, others to recent political developments. It was only from the 1990s when countries in South America switched over to the system of Free-Market economy. This eventually pulled countries in South America out of the debt crisis. Now, major economic activities include agriculture, industry, forestry, and mining. In 2016, four countries, which include Brazil, Ecuador, Argentina and República Bolivariana de Venezuela experienced decline in output. Other
Military history of South America Paraguayan War (also known as the War of the Triple Alliance), one of the most violent wars to be fought in South America, commenced in 1864 between Paraguay and the allied countries of Argentina, Brazil, and Uruguay. Paraguay had evolved since independence under the rule of the López family; government was harsh, and the López family ruled the country as it would a large property estate. Paraguay's President Francisco Solano López was deeply patriotic, but also ambitious, perhaps arrogant, and possibly insane. In the years before the war, he had invested heavily in building up a military and a standing