By the turn of the twentieth century, the economies of Argentina, Brazil, and Mexico were characterized by
A) declining industrial production.
B) the growth of domestic industrial production.
C) the inability to provide labor for industrial production.
D) a lack of domestic capital.

Question

Quizplus · Accepted Answer

By the turn of the twentieth century, these countries were experiencing a growth in their domestic industrial production. Argentina had started diversifying its economy by investing in various industries, including meatpacking, leather, and shoes. Brazil had witnessed a surge in coffee exports and was investing in infrastructure and manufacturing, leading to a reduction in importing manufactured goods. Mexico was undergoing an industrial revolution with the growth of textile factories, steel mills, and mining industries.

By the Turn of the Twentieth Century, the Economies of Argentina