IB History Topic Latin American Responses Revision Notes (HL)

IB History Topic Latin American Responses Revision Notes (HL) | RevisionDojo

Background

The Great Depression (1929–1939) devastated Latin American export economies that depended on raw materials (coffee, sugar, copper, nitrates, beef).
With global demand collapsing, export revenues plummeted. Brazil’s coffee prices dropped by over 60%, and Chile’s nitrate exports fell to one-tenth of pre-1929 levels.
Foreign investment and credit from the U.S. and Britain dried up, forcing Latin American nations to find domestic solutions.
This crisis shifted the region from export-led growth to internal industrialization, marking the rise of Import Substitution Industrialization (ISI) and stronger state intervention in the economy.

Definition

Import Substitution Industrialization (ISI)

Economic strategy promoting domestic industry to replace foreign imports, reducing dependence on global markets

Import Substitution Industrialization (ISI)

Definition:
1. Economic strategy aimed at replacing imported manufactured goods with domestic production to achieve self-sufficiency.
Mechanism:
1. Governments raised tariffs, subsidized local industries, and invested in infrastructure (transportation, energy, machinery).
Impact:
1. Encouraged urbanization and the growth of a new industrial working class.
2. Reduced dependency on foreign imports but created new reliance on imported machinery and technology.
3. Initially successful in stimulating growth but later limited by small domestic markets and lack of competitiveness.

Social and Economic Policies

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Definition

Paywall

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

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Note

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Excepteur sint occaecat cupidatat non proident

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Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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Background

The Great Depression (1929–1939) devastated Latin American export economies that depended on raw materials (coffee, sugar, copper, nitrates, beef).
With global demand collapsing, export revenues plummeted. Brazil’s coffee prices dropped by over 60%, and Chile’s nitrate exports fell to one-tenth of pre-1929 levels.
Foreign investment and credit from the U.S. and Britain dried up, forcing Latin American nations to find domestic solutions.
This crisis shifted the region from export-led growth to internal industrialization, marking the rise of Import Substitution Industrialization (ISI) and stronger state intervention in the economy.

Definition

Import Substitution Industrialization (ISI)

Economic strategy promoting domestic industry to replace foreign imports, reducing dependence on global markets

Import Substitution Industrialization (ISI)

Definition:
1. Economic strategy aimed at replacing imported manufactured goods with domestic production to achieve self-sufficiency.
Mechanism:
1. Governments raised tariffs, subsidized local industries, and invested in infrastructure (transportation, energy, machinery).
Impact:
1. Encouraged urbanization and the growth of a new industrial working class.
2. Reduced dependency on foreign imports but created new reliance on imported machinery and technology.
3. Initially successful in stimulating growth but later limited by small domestic markets and lack of competitiveness.

Social and Economic Policies

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

IB History Latin American Responses Notes

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

Background

Import Substitution Industrialization (ISI)

Social and Economic Policies

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

Background

Import Substitution Industrialization (ISI)

Social and Economic Policies

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account