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“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.