Which statement best describes the economies of the newly independent nations of South America during the nineteenth century?
A
These nations began industrializing through the process of import substitution.
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B
These nations developed subsistence farming economies to replace the imports of European grains.
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C
Latin America became dependent on the production of a small number of natural resources or cash crops for export to global markets.
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D
Latin America attracted large numbers of immigrants, which provided cheap labor for its growing industrial economy.
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Solution
The correct option is C Latin America became dependent on the production of a small number of natural resources or cash crops for export to global markets. Latin America became dependent on the production of a small number of natural resources or cash crops for export to global markets.