This book brings together world-renowned experts and rising scholars to provide a collection of chapters examining the long-term impact of historical events on modern-day economic and political developments in Latin America. It, uses a novel approach, stressing empirical contributions and state-of-the-art empirical methods for causal identification. Contributing authors apply these cutting-edge tools to their topics of expertise, giving readers a compendium of frontier research in the region. Important questions of colonialism, migration, elites, land tenure, corruption, and conflict are examined and discussed in an approachable style. The book features a conclusion from Alberto Diaz-Cayeros, Director of the Center for Latin American Studies at Stanford University. This book is critical reader for scholars and students of economic history, political science, political economy, development studies, and Latin American, and Caribbean studies.