Significance: Vargas and the provisional government responded to the economic crisis by attempting to implement import substitution industrialization, which would diversify the economy. The provisional government is replaced by the government created through the Constitution of 1934.
How did the Great Depression influence politics in Latin America quizlet?
How did the Great Depression influence politics in Latin America? *The economic power of the landowning creole elites began to wane as they were replaced by a new urban elite created through industrialization. You just studied 3 terms!
What was the general impact of the Great Depression in Latin America quizlet?
How did the Great Depression affect Latin America? The Great Depression upset the Latin American economy. The global demand for Latin American goods dropped off. They saw the need to develop their own goods so they would not be so dependent on things happening around the world.
Which country was not affected by Great Depression?
In most countries, such as Britain, France, Canada, the Netherlands, and the Nordic countries, the depression was less severe and shorter, often ending by 1931. Those countries did not have the banking and financial crises that the United States did, and most left the gold standard earlier than the United States did.
What threatened the economy of Brazil in the 1920s and 1930s?
The political unrest of the first half of the 1930s and the 1937 coup were influenced strongly by the onset of economic problems in 1930. The coffee economy suffered from a severe decline in world demand caused by the Great Depression and an excess capacity of coffee production created in the 1920s.
What was Brazil like in the 1930s?
The Great Depression of the 1930s, which occurred during Vargas’s first presidency, caused considerable economic difficulties for Brazil. In addition, the states vied with the national government for political control, and the people of São Paulo staged a bloody, though unsuccessful, revolt.
Who overthrew the government in Brazil in 1930?
Brazilian Revolution of 1930
|Date||October 3, 1930–October 24, 1930|
|Result||Revolutionary victory: First Brazilian Republic overthrown President Washington Luís deposed; President–elect Júlio Prestes exiled Getulio Vargas assumes presidency; Vargas Era beginning|
What was happening in Mexico in the 1930s?
The Great Depression of the 1930s hit Mexican immigrants especially hard. … Immigrants were offered free train rides to Mexico, and some went voluntarily, but many were either tricked or coerced into repatriation, and some U.S. citizens were deported simply on suspicion of being Mexican.
What political impact did the Great Depression have on many Latin American countries?
The Great Depression forced many Latin American governments and economic élites to make tough decisions in exchange-rate, monetary and fiscal policies. These choices marked a stark departure from the model that had prevailed in the region for nearly a century.
What effect did the economic crisis of the 1930s have on many Latin American countries quizlet?
The outbreak of the depression: the worldwide economic depression cut off Latin American from the foreign markets since these countries strengthened their tariff barriers (reduced imports), so seeing as how they couldn’t export as much, the Latin American markets plummeted, they weren’t able to pay their interests and …
How did the prosperity of the 1920s give way?
How did the prosperity of the 1920s give way to the Great Depression? The Bull Market Crashed and the production fell, and unemployment rose. … It lowered the amount of money in circulation, businesses and banks closed, and people became unemployed.