The Portuguese did not go to Brazil with the dream of establishing a settlement. In fact, Brazil provided a safe place to hide for the Portuguese king who had fled from the French army. Surprising, isn’t it?
In 1808, the French army led by Napoleon invaded Portugal. King Joao IV ran off to Brazil and later established his empire there. The empire came into the hands of his son, Pedro afterwards.
King Pedro was a kind ruler and he granted independence to Brazil and abolished slavery. This act angered the wealthy landowners of Brazil. As a result, the royal family was forced to flee back to their motherland.
Modern Brazil is not just about carnivals and natural wonders. The country now has an unstable economy. Brazil was once one of the leading industrial exporters in the world. It faced a great economic crisis in 1929. Though it recovered from the impacts of depression, the country had to face inflation for many years after 1980. The crisis became severe in 2014 as the trade balance was not maintained. In addition, the household consumption increased and the investments were low. The changes in the economic policy of the country too had an adverse effect.
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