Background
What economic crises in the 1980s influenced Latin America’s embrace of neoliberalism referred to?
The ”Lost Decade”
What kind of trade agreements did some countries sign to open markets to global competition?
. The North American Free Trade Agreement(NAFTA)
. The World Trade Organization (WTO)
What types of economic inequalities did the poor in countries like Chile, Mexico, and Argentina face?
Job insecurities and rising cost of living
True of False? High poverty rates and income disparities increased.
True!
How many years can a woman be punished in El Salvador for having an abortion?
8 years and can be charged with aggravated homicide.
What was the Latin American Debt crisis?
A combination of high inflation, foreign debt, and economic stagnation led to this crisis in many Latin American countries when they were unable to meet their debt obligations after global interest rates rose.
What did the reduction of social spending of governments lead to?
Inequality and poverty
How did middle class people respond to inequality in Chile, Mexico, and Argentina?
The responded with protest and chaos.
True of False? Political instability and polarization decreased due to satisfaction with political systems.
False.Political instability and polarization increased, fueled by growing dissatisfaction with political systems, corruption, and inequality.
Why did most people want to pursue their careers outside of Colombia?
Colombia was known for its decades of armed conflict between the government.
What kind of external assistance did Latin American governments seek?
The International Monetary Fund (IMF) and the World Bank stepped in, offering loans to stabilize the economies.
Which countries inaugurated their own free trade zone?
*Hint* 4 countries and the free trade zone was Mercosur.
Brazil,Argentina, Paraguay, and Uruguay
True of False?By the 1990s and 2000s, neoliberalism became increasingly unpopular.
True!
What kind of raw materials did Latin Ameran economies highly depend on?
Oils, minerals, and agricultural products
What did president Yamandu Orsi assure with the “Modern Left” approach?
social justice and economic equality
What kind of neoliberal economic policies did the International Monetary Fund and the World Bank require?
. Selling public businesses
. Removing rules for businesses, making trade easier by lowering import taxes
. Reducing government spending
what is the meaning of Mercosur?
It eliminated tariffs and trade barriers between countries to create a free trade zone for smoother movement of goods.
What roles did Hugo Chavez in Venezuela and Lula da Silva in Brazil play in the spreading of neoliberalism?
Hugo Chavez rejected neoliberalism in favor of Bolivarian socialism.
Lula da Silva promoted more state intervention.
Where in Latin America does deforestation continue to be a major issue, contributing to global climate change?
The Amazon Rainforest
What did Archaeologist find in the new Mayan city?
Pyramids, sport fields, and causeways connecting districts in the southeastern state of Campeche.
What was the “New Left Turn”?
A movement that emphasized social issues, including gender, race, and environmental concerns.