Economic instability in Latin America often stemmed from issues such as high inflation, unemployment, income inequality, and dependence on volatile commodity exports. This led to social unrest and dissatisfaction among the population, creating fertile ground for military leaders to seize power promising economic stability and growth.
Military dictatorships in Latin America often implemented economic reforms that were aimed at stabilizing the economy, such as strict controls on inflation, currency devaluations, and increased state intervention in the economy. These measures were often seen as necessary to restore economic order, but they also concentrated power in the hands of the military leaders and their cronies, leading to a lack of accountability and transparency.
Additionally, military dictatorships in Latin America tended to favor protectionist policies and state-led development strategies, rejecting free market principles and capitalism. This led to a lack of competition, inefficiency, and corruption in the economy, further perpetuating economic instability.
Overall, the combination of economic instability and the promise of economic growth through authoritarian measures helped to legitimize military dictatorships in Latin America, allowing them to consolidate power and maintain control over the economy and society.
Describe ways that
economic instability led to
the rise of military
dictatorships in Latin
America. (1 point)
Economic growth
came because all
Latin American
dictators were
against a free
market economy
based in capitalism.
Sometimes the
promise of economic
growth and the
benefits that come
with it help bring
dictatorships into
power.
The combination of
capitalism and
communism
embraced by all
Latin American
dictators promised
growth.
Only dictators create
economic reforms,
and these turn a
country toward
economic stability.
1 answer