The effect of the Great Depression in Latin America can best be described as

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The advanced economic sectors in Latin America were largely dependent on export markets, and the Great Depression led to a significant decrease in demand for these exports. This had a severe effect on the economies of many Latin American countries, leading to higher unemployment rates and economic instability. While some countries, such as Brazil and Argentina, were able to diversify their economies and mitigate the effects of the Great Depression to some extent, overall the impact was significant.

The Effect of the Great Depression in Latin America Can