Latin America refers to the areas of the Americas where Spanish and Portuguese are predominantly spoken as a result of European colonization. It includes most countries in North, Central and South America along with parts of the Caribbean. The region has a long history of European conquest and colonization beginning in the 15th century, with Spain and Portugal dividing control over the new lands and indigenous populations through agreements like the Treaty of Tordesillas. Today, Latin America contains diverse cultures with a mix of European and indigenous influences and continues to face issues of inequality, poverty and lack of development in some areas.