As European immigrants, why is the development of South America so much worse than that of North America?

Some studies believe that less than half a century after the independence of the United States, Latin America overthrew colonial rule through the war of independence, but after independence, Latin American countries did not enter the fast lane of modernization like their neighbors, but their development stagnated. The reason is that colonial rule is hard to blame. "Complaining about others" mainly means that the colonists transplanted their own production methods in Latin America.

Although Spain and Portugal took the lead in opening up new air routes, they were both centralized feudal countries at that time, and the backward mode of production spread to Latin America, which became the historical burden of Latin America's backward development. While North America was colonized by Britain, the fruits of the British industrial revolution were introduced into this region, which promoted the rapid development of North America. Therefore, this difference is mainly due to the fact that Latin America transplanted the old mode of production of the suzerain country.