By the 1970s, Latin American governments attempted to maintain their failing economies by borrowing from abroad, particularly from banks in Europe and the United States

Question

Quizplus · Accepted Answer

This is true. Many Latin American countries faced economic crises during the 1970s and turned to foreign borrowing as a way to try and stabilize their economies. However, this strategy ultimately led to a debt crisis in the 1980s when many countries struggled to repay their loans.

By the 1970s, Latin American Governments Attempted to Maintain Their