How did foreign countries gain control of Latin American industries?

Foreign countries gained control of Latin American industries primarily through economic investments and the establishment of monopolies. Many foreign companies, particularly from the United States and European nations, invested heavily in key sectors such as mining, agriculture, and transportation. They often secured favorable concessions from local governments, leveraging political influence and financial power to dominate resources and industries. This resulted in significant foreign ownership and control, undermining local economies and leading to a dependency on external powers.