Check for Understanding Objective 1: Describe the characteristics of Latin American Imperialism in the 19th and 20th centuries and the conditions that made it possible.

What has historically happened when a country in Latin America needs money? A) It borrows money from other countries and becomes “enslaved” by debt to these countries. B) It exports manufactured goods to foreign markets where profit margins are high. C) It enters into special partnerships with other countries that allow it to prosper. D) None of the above. (answer on next slide)

Correct Answer It borrows money from other countries and becomes “enslaved” by debt to these countries.

Which of the following was true about Latin America in the 19th and 20th centuries? A) Many countries were rich in resources and ruled over by absolute monarchies. B) Many countries needed money to industrialize and had recently gained independence. C) Many countries lacked natural resources but needed money to industrialize. D) None of the above. (answer on next slide)

Correct Answer B) Many countries needed money to industrialize and had recently gained independence.

Why did Latin American elites encourage foreign companies to come to their countries with generous concessions? A) They did not encourage such companies to come to their countries. B) This was a way for the Latin American working class to quickly earn living wages with good conditions. C) The presidents of Latin American countries believed their nations would only be able to compete globally if their companies were owned by foreign interests. D) This was the fastest way both to modernize their countries and to enrich the Latin American property owning class. (answer on next slide)

Correct Answer D) This was the fastest way both to modernize their countries and to enrich the Latin American property owning class.