During the 1970s and 1980s, the material foundation for populism was destroyed by
A) radical reforms that transformed existing social structures in Latin America.
B) policies that abolished the latifundio and neocolonialism.
C) high interest rates and plunging prices for raw material exports.
D) expensive social welfare programs and high taxes.

Question

Quizplus · Accepted Answer

High interest rates and plunging prices for raw material exports during the 1970s and 1980s undermined the economic stability of many countries, leading to economic crises that eroded the material foundation for populism.

During the 1970s and 1980s, the Material Foundation for Populism