Here's How Copper Riches Helped Shape Chile’s Economic Story

REUTERS/Rodrigo GarridoAlthough Chile has always been noted for its abundant mineral wealth, the country was actually not a notable copper producer even at the beginning of the 20th century. In 1907, for example, the United States was able to produce nearly 14X as much copper as Chile. The reality was that shortages in capital, organization, and water kept the country’s massive, low-grade deposits from being developed at any significant scale. THE COPPER STANDARD Things would change dramatically for Chile.

 

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