The name Brazil is coined from a (Brazil wood) that grows in the country and is considered to be the major export in years to come. The Brazilian history is approximately 500 years old. The country was discovered by Portuguese Admiral Pedro Alvares. According to Costa, the country then was characterized by a diverse and sparse population (2005).
Though major minerals were not discovered then, the Portuguese government exported Brazil wood to make furniture and red dye. Sugarcane was by then the second major cash crop. The sugar fields required a massive work force that was then unavailable. This forced the colonial masters to open up a big slave market (Costa, 2005). Africans formed the majority of the work force then.
The discovery of gold in the 17th century saw most people come and mine it. However, the reserves were not so much to make gold a major export. The profitability of sugar only served as an eye opener to the of coffee for export purposes. Brazil seized power from their colonial masters in 1822 through a bloodless revolt. Dom Pedro I was appointed the first king of the monarchy. Dom Pedro II was to succeed his father in 1841 and later gave up power in 1889.
The abolishment of slave trade came into effect in 1888.The monarchy system of governance came to an end in 1889 and a republic was thereon established with an initial twenty states. A weak central government as opposed to strong efficient state governments characterized this republic (Skidmore, 2008). It enjoyed stability up to 1929 following the Great Depression.
The fact that Brazil had sided with European powers and America in World War I sparked the fall in political and economic stability. The First Republic was ended in 1930 by Getulio Vargas and a military rule imposed thereon. Despite the fact that the constitution guaranteed stability of coffee market, freedom of association and religion among others, Vargas was overthrown in 1945.
The birth of a Second Republic came a year later and the need for economic stability forced presidents to be replaced successively (Skidmore, 2008). The military rose to assume power in 1964 and several violent and abusive generals ruled up to 1985. However, the economy recorded a considerable growth of about 7% annually between 1960s and 1970s. Drastic influx in the oil prices contributed to the drop in economic growth in the 1980s.
The Real Plan was initiated in the 1990s by the then de Mello to check on the hyper inflation that had hit the country. Despite the remarkable economic growth enjoyed today, the weak central government and unserviceable foreign debt remain to be the major impediments to more development in Brazil (Costa, 2005).
Brazil recently held their elections to find a replacement to the former President Luis Incio Lula da Silva. Most political scientists considered him a who had done a good job in maintaining a good economic record.
Though his Cuban and Venezuelan counterparts Fidel Castro and Hugo Chavez respectively are great American enemies, Silvas open view has made the Marxist leader enjoy Western and Eastern support. The recent elections saw two major contenders Dilma Rouseff and Jose Serra battle it out for the presidency.
The election was of interest to the U.S government which really wanted to know whether Brazil had really changed its foreign policy or still followed the independent course. A Federal Senate candidate Blairo Maggi was also on the spotlight for his involvement in the destruction of the Amazon forest (Ireland, 2010).
The destruction was criticized by fellow politicians as a selfish interest that had negative environmental repercussions. Maggi, however, changed and became eco-friendly where he advocated for sustainable technologies to curb the effects of global warming by reducing the rates of deforestation. The drastic change of heart by Maggi was regarded as a cover up to more political ambitions and desires.
Most of these politicians have been found to be critical of the justice system that has led to the arrest of several government officials. According to Ireland, political power supremacy has been seen to play a key role in economic empowerment (2010). China has influenced the political ideologies through increased funding.
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