Introduction Chile is the southernmost state in Latin America. It occupies a long, narrow coastal area that is located between the Andes Mountains in the east with the western border comprising of the Pacific Ocean. It borders Argentina to the east, Peru to the north and finally Bolivia to the northeast. The country’s development was significantly influenced by the colonial era. This is the period between the late 15 th century and 20 th century when the European nations began establishing their colonies in foreign continents. Before the colonial era, numerous Amerindian societies lived in what is modern-day Chile (Siegfried, 2007). However, no single particular civilization reigned supreme even though the Inca had already managed to penetrate the northern-most regions. Before the landing of the Spanish colonizers during the 16 th C, the Inca governed northern Chile while the indigenous Araucanians had made southern and central Chile their home. Even though the country declared its independence in 1810, it was not until 1818 that a decisive victory over the Spanish was achieved. Chile’s economic growth was successfully launched with the export of its agricultural products, followed by minerals such as copper. The country’s wealth in raw materials played a crucial role in its economic upturn; however, it also contributed to chronic dependency and even wars with other neighboring countries (Solberg, 2014). During the War of the Pacific between 1879 and 1883, Chile overcame Peru and Bolivia and claimed ownership over its current northern territory. It was not until the 1880s that the country eventually subjugated the Mapuche. Although largely relatively free of any coups, or arbitrary governments that were commonplace in Latin America, the country experienced the seventeen-year-long military dictatorship of Augusto Pinochet between 1973 and 1990 which left over 3000 Chileans missing or dead (Jani, 2009). Currently, Chile is one of Latin America’s most prosperous and stable nations and a respected middle power. It leads Latin America in human development, competitiveness, and economic freedom. Chile also ranks high regionally when it comes to democracy and press freedom. However, the county still has high levels of economic inequality according to the Gini Index. In mid-2010, the country became the pioneer South American Country to become a member of the OECD. It is a founding member of both the Union of South American Nations and the U.N (Buckman, 2014). Colonialism Colonialism is one of the endurings of modern human history. Due to its longevity, the period of colonization has been understood in different ways. Colonialism and imperialism were both kinds of conquests whose primary purpose was to strategically and economically benefit European powers. The consequences of the famed Christopher Colombus’ travels in 1492 fell to Chileans over two generations later (Buckman, 2013). He initiated the process of Spanish colonization that accurately foreshadowed general European colonization of what was then termed as the New World. Spaniards initially directed their explorations into the area that was rich in silver and gold. The then poor and undeveloped Chilean