The way Latin America impacted by the great depression is: C. US investment money increased due to new opportunities in Latin America.
During the great depression the purchasing power in america was really law and the country seen as a bad destination for investors. Because of this, many american investors started to look toward Latin america as potential target investment since at that time their economy has started to develop.
Cutting off of investment money of United States caused large economic downturns and that resulted in Latin America being affected by Great Depression.
Further Explanation:
The Great Depression which followed the Stock Market Crash of United States in year 1929, mainly affected the countries of Latin America. The worst hit countries of this economic meltdown were Bolivia, Chile and Peru. During that period of time, there was a constant rise of Fascism which was also a result of great depression. There were fascism governments who were desired for nationalism. Haiti was one country which came out of great depression as was made an independent country after United States pulled out its troops in 1936. Coffee exports of Brazil were down by 50% as it was the one country that was hit worst by great depression between period of 1929 and 1932. Not only this, the foreign investments in Brazil also came to Zero. In order to stop coffee prices to fall even more, The Government of Brazil ordered dumping of coffee stock into the ocean. The Sugar also production was also affected by this scenario as sugar became so cheap in Brazil that some sugar factories stopped the production for many years. Cutting off of investment money of United States caused large economic downturns and that resulted in Latin America being affected by Great Depression.
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Answer Details:
Grade: High School
Subject: History
Chapter: Great Depression in Latin America
Keywords: Latin America, Bolivia, Chile, Peru, United States, Sugar, Coffee, Stocks, Ocean, Investment.
