I'm writing this on Word so I can make it into a .pdf later. I've added some missing information, fixed some typos and a glaring paragraph misplacement.

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The main rural obstacle to capitalist development in 19th century Brazil was slavery. Pedro II was an abolitionist but like to do things in a slow, non-confrontational way, so he planned to have the state compensate owners. But as the Paraguayan War crippled Imperial finances he stalled the issue. Then pressure from abolitionist activists got too strong and his daughter made emancipation by decree in 1888 without providing the intended compensation, leading owners to drop support for him. This was one of the reasons the monarchy fell in the following year. As a side effect of the short gap between emancipation and dethroning blacks have had sympathies for the monarchy ever since.