WORLD WAR II
DECOLONIZATION PHASE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
They manufactured goods locally.
|
|
|
They promoted exports.
|
|
|
They reduced economic ties with the United States.
|
|
|
They developed a single cash crop.
|
Detailed explanation-1: -Terms in this set (5) How did Latin American nations respond to the failure of the policy of import substitution? They promoted exports.
Detailed explanation-2: -Latin American nations did not benefit from growing trade for many reasons. Britain and the US dominated economies, LA did not devolp industries on its own, cost a lot of money import manufactured goods, borrowed money and couldn’t repay loans.
Detailed explanation-3: -Answer and Explanation: Latin America was late to industrialize for two primary reasons: economic instability following their independence wars and a lack of support for industrialization among the moneyed classes.
Detailed explanation-4: -They didn’t have the natural resources to develop an industrial base. Their economies remained rooted in agriculture.