Brazil's recorded history begins with the arrival of the Portuguese in 1500, although it had been discovered and settled by Indians many centuries before. The importation of millions of African slaves over the next four centuries completed the rich blend of European, Indian and African influences that formed modern Brazil and its people. Achieving independence from Portugal in 1822, Brazil's enormous wealth in land and natural resources underpinned a boom-and-bust cycle of economic development that continues to the present day. The eternal "Land of the Future" is still a prisoner of its past, as industrialization turned Brazil into the economic giant of South America, but sharpened social divisions. After a twenty-year interlude of military rule, the civilian "New Republic" has struggled, with some success, against deep-rooted economic crisis and has managed to consolidate democracy. Although social divisions remain, the current economic and political outlook is the best it has been for a generation
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