“The Depression* Was Bad”~ a direct quote from Mr. Albers

(Presentation by Emily Flynn)

*in Peru

Administrative Divisions Economic Activity in 1970

● Dependent on export incomeo Silvero Sugaro Cotton

● Guano boomo Yes, this is poop, get over ito Major export to lower global demand

● Depreciation of currencyo Changed from silver-based to gold standard

Causes

Effects

● Lowered foreign investment● Decrease in exports● Higher unemployment● Lowered government budget

o 75% decrease

Response

● Open market● Import-substitution industrialization

o Stronger incentives for exports● Gold standard● American Popular Revolutionary Alliance

o Dedicated to Latin American Unityo Workers, middle-class liberals

Impact

● Civil unresto Street fightso Strikes

● Discriminationo Japanese, Germans due to WW2o Government excluded workers, women, nativeso Criticize government = exile

Conclusion

● Suffered serious setbacks● One of the countries least affected

o More diversified● Ended with WW2

CitationsDrake, Paul W. International Crises and Popular Movements in Latin America: Chile and Peru from the Great Depression to the Cold War.

“Latin America in the 1940s: War and Postwar Transitions.” Edited by Rock, David. Berkeley: University of California Press, 1994. Web. Accessed March 19, 2015. http://ark.cdlib.org/ark:/13030/ft567nb3f6/.

Rhyne, Lindsey. Great Depression in Peru. Web. Accessed March 20, 2015. https://prezi.com/ipwtbnyvvlu5/great-depression-in-peru/.

United States Library of Congress. Impact of the Depression and WWII. “Peru.” Edited by Hudson, Rex A. Federal Research Division, 1986-1998. Web. Accessed March 20, 2015. http://countrystudies.us/peru/19.htm.

University of Texas, Perry-Castañeda Library Map Collection. Peru: Administrative Divisions. 2006. Image. Web. Accessed March 20, 2015. http://www.lib.utexas.edu/maps/americas/peru_admin_06.jpg.

University of Texas, Perry-Castañeda Library Map Collection. Peru - Economic Activity (from Map No. 76868). 1970. Image. Web. Accessed March 20, 2015. http://www.lib.utexas.edu/maps/americas/peru_econ_1970.jpg.