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Vladimir79 [104]
3 years ago
12

Why did the great depression cause many latin american countries to improve their economic systems?

History
1 answer:
Orlov [11]3 years ago
8 0
Given the key roles of monetary contraction and the gold standard in causing the great depression, it is not surprising that currency devaluations and monetary were the leading sources of recovery throughout the world. Devaluation, however, did not increase output directly. Rather, it allowed countries to expand their money suplies without concern about gold movements and exchange rates.
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