1. On the back of your packet, create the following chartabout Latin American politics and complete it to the best of your ability:
Left Wing
Right Wing

2. On the bottom of the scrap, write which side you think the U. S
On the bottom of the scrap, write which side you think the U.S. has supported in the past.

3. Political & Economic Development

4. Sources of Instability

5. Socioeconomic Divisions
Wealthy owned most of the land & wanted to keep it that way
Modernization increased gap between rich & poor
Many poor, few rich

6. Political Divisions
Political divisions reflected socioeconomic divisions
Left wing wanted socialism & radical change to improve conditions
Right wing wanted to keep the social classes

7. Describe the socioeconomic status of the people who were politically…
Left - poor
Right - wealthy

8. Dictators v. Democracy

9. Left Wing Democracy Supported rights for the poor
Sought elections by the people to gain power; if fair elections occurred, left got elected
Oscar Romero,
El Salvador

10. Guerilla/guerilla warfare
Form of irregular warfare in which a small group of combatants use military tactics, such as ambushes, sabotage, raids, petty warfare, etc.

11. Left Wing Guerillas Supported rights for the poor
Because unable to get democratic elections, they tried to gain power violently
Fidel Castro, Cuba

12. Right Wing Military
In response to left gaining power, right (supported by military) overthrew left wing in power (even if elected) or prevented them from taking power
Augusto Pinochet,
Chile

13. Pride in one’s own country
Nationalism
Pride in one’s own country

14. During WWII, the demand for raw materials such as copper, wheat, beef and other products increased revenue into the developing nations of Latin America. These countries used this revenue to build factories and develop industry. This increase in foreign investment led to an increased feeling of economic nationalism...

15. Goals of Economic Nationalism
Replace foreign imports with locally made products
Strengthen local industries

16. Goals of Economic Nationalism
High tariffs
Nationalized some industries & companies (i.e. oil & telecommunications)

17. when the government takes control of a resource or industry
Tariff
Tax on imported goods
Nationalize
when the government takes control of a resource or industry

18. Challenges to Economic Development

19. Population Explosion
Difficult to feed rapidly increasing population, resulting in the need to import food
Not enough money for schools, housing, healthcare, etc.

20. Debt Crisis Borrowed money to develop
Worldwide recession caused a decline in revenue
Spent most money trying to repay debts, but not enough & none left over for development

21. slow down in the economy
Recession
slow down in the economy

22. Recovery Lowered tariffs Encouraged foreign investment
Reduced gov’t spending
Sold some state-owned industries