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Questions and Answers
Which of the following is a way in which the 1929 crisis manifested in Latin America?
Which of the following is a way in which the 1929 crisis manifested in Latin America?
- Stable economic growth
- Rapid industrialization
- Decreased unemployment rates
- Increased agricultural exports (correct)
How did the 1929 crisis impact Latin American economies?
How did the 1929 crisis impact Latin American economies?
- Resulted in stable inflation rates
- Led to increased foreign investment
- Boosted economic growth
- Caused a decline in commodity prices (correct)
What was a common response of Latin American governments to the 1929 crisis?
What was a common response of Latin American governments to the 1929 crisis?
- Encouraging foreign investment
- Implementing protectionist trade policies (correct)
- Increasing social welfare programs
- Adopting a fixed exchange rate system
