The economic nationalism spread in Latin America after the World War I due to the events like The Great Depression in the year 1929.
What were the effects of the Great Depression?
The Great depression is one of the most prolific events of the twentieth century, as the economy of the United States of America experienced a rapid and severe downfall.
The stock market crashed by nearly 80 percent in 1929 marking the entrance of The Great Depression. The economy of Latin America was heavily dependent on exports, which declined rapidly during this phase as countries could not afford more and more imports.
To get out of the economic adversity and economic depression, the layer of economic nationalism emerged in Latin America in the years after the end of the First World War.
Hence, it can be stated that the push for economic nationalism in Latin America was prompted by The Great Depression in 1929 after the end of World War I.
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