Which of the following statements most accurately describes the economy of Latin America in the period from 1880 to 1920?

Which of the following statements most accurately describes the economy of Latin America in the period from 1880 to 1920?



a. Latin America experienced a spurt of economic growth fueled by the increasing demand for raw materials, foodstuffs, and tropical crops.
b. The period was marked by increasing government control of all facets of production and increasing tariffs placed on commercial exports.
c. Although the demand in industrialized countries for raw materials fell off, the slump in exports was more than overcome by a dramatic surge in industrial production and export.
d. The collapse of worldwide demand for raw materials led to a stagnation and then a contraction of economies throughout Latin America.
e. Continued production of silver kept Latin America prosperous with the discovery of new deposits in Brazil.






Answer: A



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