How did Latin America's economy change after independence?

Question

1. Latin American countries exported farm products, minerals, and other resources to Spain and Portugal.
2. Latin America's economy did not change
3. Latin American nations were free to trade with other countries; however, they still relied on exporting farm products and minerals, and importing manufactured goods.
4. Latin American countries only traded with other countries.

I'm really stuck and need help.

Answer 1

Latin America is not just one country. Which one(s) are you studying?

https://www.google.com/search?q=latin+american+countries&oq=latin+american+countries&aqs=chrome..69i57j69i60.5936j0j7&sourceid=chrome&ie=UTF-8