what problems did brazil face after the independence
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Brazil has faced simultaneous political and economic crises in the past, most recently from the mid-1980s to the mid-1990s, when it dealt with hyperinflation and a president who was impeached for corruption.
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Brazil has faced simultaneous political and economic crises in the past, most recently from the mid-1980s to the mid-1990s, when it dealt with hyperinflation and a president who was impeached for corruption.
In the past 12 months, the Brazilian Bovespa stock index has plunged 21 percent. The Brazilian real has lost half of its value against the dollar in the same time period.
Brazil's economic troubles only paint half the picture. A corruption scandal around the state-controlled oil company Petrobras, which has led to the arrests of high-profile business and political leaders, has shattered President Dilma Rousseff's credibility with the Brazilian public. Her approval ratings have dropped to a record low, hovering near 8 percent.
Brazil is also getting crushed by a global bust in commodity prices, spurred by an economic slowdown in major commodities consumer China.
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