Question

After World War Two, many Latin American leaders tried to transition their national economies from being agriculture-based to being industrialized. What happened to these nations once that transition started, and how did it affect the people of Latin America? (Type out a 10-sentence essay)

Answer 1

In the nineteenth century following independence, many economies of Latin America declined. In the late nineteenth century, much of Latin America was integrated into the world economy as an exporter of commodities. In 2016, the Latin American economy contracted 0.8% after a stagnant 2015. Immediate effects of the revolutions included freedom and independence for the people of the liberated countries. However, in the long term, poor governance of the liberated countries led to instability and increasing poverty in those areas.