Answer :
The third alternative (C) is correct.
The Latin economy was, and still is, a major exporter of agricultural products, and the markets for Latin Protestants were Europe and especially the United States, which also invested in the infrastructure of that region. The Great Depression affected the entire Western economy, and quickly reached Latin America.
At the time of the Crash of the New York Stock Exchange in 1929, papers from the region were immediately impacted, affected by the high dollar. Financing to the productive sector declined and interest rates increased. The drastic decline in US investment has caused the Latin American economies to collapse.
Moreover, in the development of the Great Depression of the 1930s, the United States and Europe also considerably reduced the import of grains from Latin America, damaging dramatically the Latin economies. In Brazil, for example, the Government incinerated 18 million bags of coffee that would be exported, but did not obtain a consumer market.
The Great Depression after the US stock market crash of 1929 influenced the countries of Latin America. Therefore, it influenced Latin America to suffer from US investment money which was cut off, causing large economic downturns.
EXPLANATION:
This is the list of impacts of the Great Depression in Latin America:
• Based on the League of Nations report, Bolivia, Chile, and Peru were the worst countries impacted by the Great Depression.
• Fascism grew obviously in Latin American countries in the 1930s.
• Brazil was impacted by the Great Depression. Between 1929 and 1932, coffee exports chop down to 50%. Foreign investment in the country was decreased to zero. To prevent the costs of coffee from decreasing further, the government commanded the disposal of thousands of bags of coffee into the sea. All coffee plantations were burned to decrease production and keep prices from reaching the lowest point. Sugar production became so low-priced that many sugar factories in Brazil stopped production for years.
• Fascist governments were the consequence of a desire for nationalism, that rulers like Getúlio Vargas of Brazil participated in through propaganda.
• Brazil required an economical alternative to the highly degraded coffee, its major commodity at the time. The Vargas government began to buy and burn coffee from the farmers, to evade their complete bankruptcy.
• For its part, Haiti came out of the Great Depression as an independent nation after the U.S. singled out their troops in 1936.
• In other Latin American nations such as Mexico, reactions to the Great Depression also ran to an industrialization process strengthening (begun in the 19th century).
LEARN MORE
If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:
• In France, how did Socialists attempt to fight the effects of the Great Depression? https://brainly.com/question/2847106
• What was an impact of the Great Depression on Germany? https://brainly.com/question/7356600
KEYWORDS : Great Depression, Latin America, the effect of the Great Depression
Subject : History
Class : 10-12
Sub-Chapter : Great Depression in Latin America