The document summarizes the history and rise of fantastic literature in Latin America. It discusses how [1] the fantastic genre became more widely utilized by Latin American writers in the mid-1930s, reaching a "Golden Age" from 1940-1965, and [2] how The Book of Fantasy by Borges, Ocampo and Bioy Casares in 1940 was influential in establishing the fantastic as a legitimate literary form in Latin America. It promoted [3] an "international," "open," and "hedonistic" approach that emphasized plot and internal logic over character psychology.