Latin America in the 1920s
- Created by: Natalia
- Created on: 05-02-14 09:44
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- Latin America in the 1920s
- Overdependence on one product
- E.g. coffee in Brazil
- Became overly reliant on imports (dual reliance on export-import trade)
- Import industrial finished products, which cost more
- Export primary products - raw materials
- Didn't invest in training skilled employees
- E.g. sugar from Cuba
- Reasons for dependence
- Geography - physical barriers
- Jungle (Amazon)
- Mountains (Andes)
- Poverty
- Disparities in wealth
- Industrialised nations needed food to support urban populations
- Provided cheap food - wheat
- Geography - physical barriers
- Growth of US investment
- In 1913 about 2/3 of the investment in Argentina was from Britain
- As WW1 broke out the US took over as Western trading partners
- Between 1924 and 1928, the USA accounted for 44% of new investments in Latin America
- Many feared this new influence from the US
- Rather than nurturing the locals, the elite in Latin America encouraged foreign investment and ownership
- USA began dominating the media
- Radio
- Cinema
- Newspapers
- Encouraged loans - Latin American countries went into debts that they couldn't afford
- Political developments
- Lots of industrial unrest
- Between 1917-1920 this resulted in many successful strikes
- Due to WW1
- Throughout the 1920s governments tended to become more repressive
- There was a growth in political parties aimed at the working classes such as Communists
- July 1917 in Sao Paulo, Brazil 45,000 stopped work
- 20% wage increase
- Inspired others to strijke
- Some initiated social reform
- Restrictions on the working day and employment of children
- State sponsored trade unions
- Lots of industrial unrest
- Overdependence on one product
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