Chapter 10, Section 1

1. The basis of the economies of most of the countries in Latin America is agriculture.

2. Latin America was put into an economically dependent status because they needed to finance industrial developments in the 1960s and the 1970s, and thus borrowed funds from foreign banks. Unfortunately for the Latin American countries, when an economic slowdown occurs, they need to decrease monthly payments, which raises the total amount of interest on their debts.

Creative Writing: A major advantage has been given to the country of Mexico because of the NAFTA, which is the amount of trade, especially in the service industry. With NAFTA, trade between the three countries grew by ten to fifteen percent annually, which benefited Mexico greatly. However, because the workers in Mexico are willing to work for such a minuscule amount of money, and in businesses that harm their environment, Mexico has not seen much economic or environmental improvement