What single positive effect did the great depression have on latin America?

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History

Dax White

13 November, 17:30

What single positive effect did the great depression have on latin America?

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Answers (2)

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Jeffery Garcia · Answer 1

Because of the Great Depression, Latin America couldn't afford to purchase any goods. This motivated them to then make new industries and make their OWN goods.

Alexandria Gilbert · Answer 2

The crisis quickly spread because of the importance of the capilatism system. The US was the main country who used to loan money to the latin countries, so with the big depression, the country started to charge the debts, making a huge pression in Latin America's countries. The Latin industry started to suffer a lot, less products, high prices, the US wouldn't buy products as they used to anymore. The Latin countries were counting with the export of the products, so that made a huge impact on the latin economy.