Question

In the 1930s Latin American nations began to emphasize the home control of the economy. This was called which of the following?

Answer 1

Answer:

Economic nationalism

Explanation:

In the 1930's, numerous countries in Latin America started to become more and more attracted to the idea of having their economy commanded by themselves. The main reason for this was that the corporations from the developed nations were trying to use the cheap labor force and use the natural resources in their advantage, as well as being beneficial for their native economy. This led to the so called economic nationalism, where the governments took over the majority of the most important natural resources and facilities in their countries in order to strengthen the economy and provide long term stability.