Because of diminishing trade with Europe following World War I, South America became
(1 point)
Responses
more self-sufficient as a nation by manufacturing its own goods.
more self-sufficient as a nation by manufacturing its own goods.
more dependent on wealthier countries such as the U.S. and Great Britain by accepting foreign aid.
more dependent on wealthier countries such as the U.S. and Great Britain by accepting foreign aid.
more dependent on imports to generate wealth for many of its countries.
more dependent on imports to generate wealth for many of its countries.
became bitter enemies with Great Britain and France because the lack of money permanently crippled many countries.
It's important to clarify that South America is not a single nation; it's a continent comprised of many countries with distinct economies and political systems. Following World War I, many South American countries experienced shifts in their economic relationships. With European markets impacted by the war, South American countries did indeed start to adapt in several ways.
Here are the responses recast in a more accurate way, recognizing the diversity of outcomes across the continent:
- Some South American countries became more self-sufficient by developing and expanding their own industries to manufacture goods that were previously imported from Europe. This was part of a larger trend towards import substitution industrialization, which gained momentum in the mid-20th century.
- Others became more dependent on North American countries like the United States for trade and investment. The U.S. stepped in as a major trading partner and source of foreign investment for South American countries, particularly as European nations were rebuilding their own economies post-war.
- With regards to becoming more dependent on imports, this is less likely as a direct consequence of post-World War I conditions. The focus for many South American economies was on reducing reliance on European imports and boosting domestic production or diversifying trade partners.
- The statement about becoming bitter enemies with Great Britain and France is not accurate. While economic relationships shifted, and there may have been tensions or disputes over economic issues, it does not accurately represent the diplomatic relations of South American countries with Great Britain and France in the post-World War I era.
So, considering the given options and historical context, the most accurate among them is that some South American countries became:
- More self-sufficient by developing and expanding their own industries to manufacture goods (a shift towards import substitution industrialization).
- More dependent on wealthier countries such as the U.S. and Great Britain for trade and investment.
It's important to assess the situation of each South American country individually for a more precise analysis, as there was no uniform response across the continent.