How Did Latin American Governments Respond to the Decline of Their

Multiple Choice

How did Latin American governments respond to the decline of their export economies and access to foreign capital during the 1920s and 1930s?

A) They created their own alternative international banking system.
B) They worked to make domestic industry their main engine of economic growth.
C) They withdrew from the world economy and became entirely self-sufficient.
D) They convinced their citizens to accept a lower standard of living through an austerity program.