Economy Brazil’s largest export was it’s BrazilWood. This was a type of tree trunk that contained a special red dye. The continuous exporting of this tree lead to overexploitation leaving none left. Brazil then discovered sugarcane. This became the base of the economy along the North East coast.
History of Brazil Discovered in 1500’s by Spanish navigator, Vicente Yanez Pinzon In the 16th century, the land was colonized by the Portuguese.