Latin America in the 1920s

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  • 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
    • 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

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