Following three centuries under the rule of Portugal,
Brazil became an independent nation in 1822. By far the largest and
most populous country in South America, Brazil has overcome more than
half a century of military intervention in the governance of the
country to pursue industrial and agricultural growth and development
of the interior. Exploiting vast natural resources and a large labor
pool, Brazil became Latin America's leading economic power by the
1970s. Highly unequal income distribution remains a pressing problem.