How Did Populism Affect Latin America

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Immediately following the 1929 stock market crash, Latin America heavily suffered during the Great Depression. As the value of world trade fell and export prices dropped exponentially, Latin America found itself in a state of crisis. Consequently, Latin American countries blamed foreign trade for their economic failures and financial setbacks, causing a sense of nationalism to arise. Nationalism is the advocacy of political independence for a particular country. Little did Latin America know that this desire for self-promotion would create a new type of governance. As a result, populism became the "go-to" form of authority. Notably, the Great Depression had catastrophic impacts on Latin America's economies. The response was demonstrated