How would you characterize the rule of caudillos?

For this assignment, please see the attached file, and do research beyond the files on the internet and answer the questions below. Any internet sources are fine for this assignment, but you must cite your sources in Chicago format at the end of your post (which means you need to include links to support your arguments) and use strong academic sources to make arguments. Minimum 200 words.
Question: How would you characterize the rule of caudillos? Was this a good or bad thing for society?

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