How is the Latin American economy at the end of the 1920s best described?

Question

Quizplus · Accepted Answer

The Latin American economy at the end of the 1920s was still largely based upon the export of raw materials and foodstuffs. While some countries had begun to develop industries, the majority of their economies relied on the export of commodities such as coffee, bananas, and minerals. Import of raw materials was not a significant factor in describing the Latin American economy at this time.

How Is the Latin American Economy at the End of the 1920s