1. The Great Depression in Brazil Dylan Schuler

2. Causes ●Dependency on coffee export o In the 1920s, coffee exports were the source of over 70 % of the entire country’s revenue o Demand for coffee fell dramatically during the Great Depression

3. Causes Cont. ●Valorization program failure o The government bought and stored surplus coffee when the demand for coffee fell and sold it when the demand for coffee rose again o Depended on taxes and US loans, which fell; Program abandoned o Sold off gold to attempt to fix, but gold used up and currency falls

4. Effects: Vargas Era ●Destruction of coffee industry combined with pre- existing issues led to Revolution of 1930, coup installs Vargas after his defeat in election o Institutes New Deal -esque policies, similar recovery to US o Populism, nationalism, and protectionism, originally o no land reforms (agricultural elite still in power)  Disparity North and South (ironic) o Shift away from previous reform, increasingly reactionary and fascist

5. Sources http://www.brazil-help.com/mapa_do_brasil.gif https://sunriseswansong.files.wordpress.com/2013/07/brazil-coffee-screen-shot-2013_07_17-at-8_35_50-am.png http://upload.wikimedia.org/wikipedia/commons/c/ca/Slaves_in_coffee_farm_by_marc_ferrez_1885.jpg http://www.anpec.org.br/encontro/2012/inscricao/files_I/i3-bd180f28869674aa80b423b35286513c.pdf http://en.wikipedia.org/wiki/Vargas_Era