A history, examining the events that have led to Brazil's ascendancy, looking at the indigenous peoples who populated the territory until its discovery in 1500 AD and chronicling the tempestuous centuries since, leading to the recent economic miracle. It covers the three centuries of Portuguese colonial rule when sugar became the main export, produced by millions of African slaves. Brazil declared independence from Portugal as a monarchy in 1822, subsequently replaced by a republic in 1889. The book details the pattern of boom and bust in the Brazil economy since then.