In general, latin american development since 1450 - 1900 was a huge change.
First colonization came around the end of 15th century since America's discovery in 1492
In most places, there was a devastation of original cultures by the new europeans coming to get resources such as minerals, precious metals, and other richness of the new world. No respect was taken for the original cultures, and the invaders tried to eliminate original cultures.
Since then, from 16th century up to 18th century, the history of latin america has been one of a supplier for bigger more powerful countries by using local cheap labor and resources, without leaving much richness, work compensation to the locals.
