History
Brazil's recorded history begins with the arrival of the
Portuguese in 1500, although it had been discovered and settled by
Indians many centuries before. The importation of millions of
African slaves over the next four centuries completed the rich
blend of European, Indian and African influences that formed modern
Brazil and its people. Achieving independence from Portugal in
1822, Brazil's enormous wealth in land and natural resources
underpinned a boom-and-bust cycle of economic development that
continues to the present day. The eternal "Land of the Future" is
still a prisoner of its past, as industrialization turned Brazil
into the economic giant of South America, but sharpened social
divisions. After a twenty-year interlude of military rule, the
civilian "New Republic" has struggled, with some success, against
deep-rooted economic crisis and has managed to consolidate
democracy. Although social divisions remain, the current economic
and political outlook is the best it has been for a generation
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