The 1910 Rubber Bust of Manaus
What happened
The 1910 Rubber Bust of Manaus marked the abrupt collapse of the Amazonian rubber boom, which had thrived due to high demand for rubber in Europe and North America. The collapse was precipitated by the successful establishment of British rubber plantations in Southeast Asia, which undercut South American prices. This event devastated the local economy in Manaus and highlighted the vulnerabilities of reliance on a single commodity in global markets.
Literary impact
The 1910 Rubber Bust of Manaus inspired Latin American poets to capture the haunting decay of the once-thriving city. Their verses often lamented the exploitation of indigenous rubber tappers, intertwining themes of loss, resilience, and the impact of economic booms and busts.
Source: Wikipedia