Chapter 24 Quiz for Exploitation, Inequality, and Resistance

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. Under the Mann Doctrine, the United States

promoted economic growth and protected U.S. private investment correct incorrect

promoted social reforms correct incorrect

promoted democratic institutions correct incorrect

promoted authoritarian institutions correct incorrect

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. Prior to the 1970s, individual banks had regularly offered loans to foreign nations, but the practice had been banned in the United States.

true correct incorrect

false correct incorrect

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. The growth in transnational private lending was driven in large part by

changes in US law correct incorrect

new strategies to combat the Soviets correct incorrect

pressure from US banks' stockholders to increase profits correct incorrect

changes in the global petroleum market correct incorrect

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. Between 1970 and 1982, Latin America's total external debt rose from $21 billion to more than

$100 billion correct incorrect

$200 billion correct incorrect

$300 billion correct incorrect

$400 billion correct incorrect

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. Many banks were lulled into a false confidence that Latin America as a whole was economically sound by the apparent health of the economies of

smaller countries correct incorrect

larger countries correct incorrect

Central American countries correct incorrect

South American countries correct incorrect

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. Within a year of the announcement by Mexican leaders that the country could not make its foreign debt payments,

16 Latin American nations had defaulted correct incorrect

the poverty rate skyrocketed correct incorrect

Latin American foreign debt had doubled correct incorrect

inflation had reached 18 percent correct incorrect

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. The only Latin American country that didn't experience high inflation was

Nicaragua correct incorrect

Peru correct incorrect

El Salvador correct incorrect

Panama correct incorrect

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. To reduce spending, Latin American governments introduced austerity measures that reduced expenditures on social assistance programs by roughly

10 percent correct incorrect

25 percent correct incorrect

40 percent correct incorrect

55 percent correct incorrect

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. Economists advising Latin American governments promoted deregulation and greater involvement in the global market as part of a move toward

structuralism correct incorrect

neoliberalism correct incorrect

the Chicago School correct incorrect

Mercosurism correct incorrect

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. Free trade areas created by several Latin American nations to boost exports and promote growth were called Export Processing Zones.

true correct incorrect

false correct incorrect

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. By 1998, maquiladoras employed roughly _________ of Mexico's manufacturing workforce.

5 percent correct incorrect

15 percent correct incorrect

20 percent correct incorrect

35 percent correct incorrect

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. In the 1990s, some maquiladoras were found to be paying as little as _______ per hour.

$.50 correct incorrect

$1 correct incorrect

$2 correct incorrect

$4 correct incorrect

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. The Mexican peso crisis was sparked by

President Salinas de Gortari's decision to extend wage and price freezes correct incorrect

the end of communal land reform measures correct incorrect

an uprising by the Zapatista Army of National Liberation correct incorrect

Mexico's refusal to join NAFTA correct incorrect

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. The nation that fared the worst under the Tequila Effect was

Mexico correct incorrect

Brazil correct incorrect

Peru correct incorrect

Argentina correct incorrect