Final answer:
Colombia has been influential in the global market for centuries with its natural resources. Initially recognized for its emerald production, it grew economically through exports of minerals like silver and later through oil and coffee, with the oil industry now being its number one legal export.
Step-by-step explanation:
Colombia has been a significant player in the global market for its natural resources since the pre-colonial era, marked by emerald production and later, following major economic developments over the centuries, oil, coal, and coffee. The emerald mines in Colombia have been actively producing since the 1400s, however, Colombia was under Spanish colonial rule until its independence in 1819. The struggle for power between conservatives and liberals led to a period known as La Violencia, which significantly impacted the country's development.
In the early modern period, the mining of precious metals like silver in PotosÃ, Bolivia under Spanish control set a precedent for the extraction and exportation of minerals in South America. Spain's mercantilism and the influx of gold and silver significantly impacted global trade and economics, including the financing of the European Industrial Revolution.
In the 20th century, despite internal conflicts and the rise of powerful drug cartels in cities like Medellin and Cali, Colombia has seen economic growth, particularly due to its oil exports, which now surpass emeralds as the top legal export. Colombia's northern and central oil fields are well-connected to ports via pipelines, facilitating trade with major oil consumer markets like the United States.
Agricultural exports have also been essential for Colombia's economy, with coffee production in the Andes supporting hundreds of thousands of small farms and laborers. The formation of the National Federation of Coffee Growers of Colombia in 1927 played a critical role in boosting the industry, which today is a significant source of employment and economic activity.
Overall, Colombia's diverse economic landscape, influenced by its rich natural resources and social history, has shaped the country's economic growth and integration into the global market throughout the centuries.