The Economic Crisis and Latin America

By Eric Toussaint

We need to learn the lessons of the 20th century in order to apply them at the beginning of this century. During the decade of the 1930s, that followed the crisis that exploded on Wall Street in 1929, 12 countries in Latin America suspended for a prolonged time the repayment of their foreign debt, prinicipally to North American and Western European bankers.

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