From the Central Intelligence Agency (CIA), The World Factbook, Brazil, Introduction, Background:
“Following more than three centuries under Portuguese rule, Brazil gained its independence in 1822, maintaining a monarchical system of government until the abolition of slavery in 1888 and the subsequent proclamation of a republic by the military in 1889. Brazilian coffee exporters politically dominated the country until populist leader Getulio VARGAS rose to power in 1930…
“By far the largest and most populous country in South America, Brazil continues to pursue industrial and agricultural growth and development of its interior. Having successfully weathered a period of global financial difficulty in the late 20th century, under President Luiz Inácio LULA da Silva (2003-2010) Brazil was seen as one of the world's strongest emerging markets and a contributor to global growth. The awarding of the 2014 FIFA World Cup and 2016 Summer Olympic Games, the first ever to be held in South America, was symbolic of the country's rise.”
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Source: 2019 American Community Survey (ACS) 1-Year Estimates.