History

Question

Identify three ways the Great Depression affected Latin America.

2 Answer

  • The Great Depression which followed the US stock market crash of 1929 badly affected the countries of Latin America.[1] Before the global Great Depression of the 1930s, links between the United States economy and Latin American economies had been established through US investment in Latin America and Latin American exports to the US. As a result, Latin Americans felt heavy reverberations when the US market crashed in 1929.
  • The rise of fascism also became apparent in Latin American countries in the 1930s due to the Great Depression. Fascist governments were the result of a desire for nationalism, which rulers like GetĂșlio Vargas of Brazil played on through propaganda
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