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Mexico Crude oil prices from 1861 to 2011. The Latin American debt crisis (Spanish: Crisis de la deuda latinoamericana; Portuguese: Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as La Década Perdida (The Lost Decade), when Latin American countries reached a point where their foreign debt ...
There are Latin American economic crises: Latin American debt crisis of the 1970s and 1980s; La Década Perdida - the Lost Decade for Mexico; Economic history of Mexico § 1982 crisis and recovery; Great Depression in Latin America - the effects of the Great Depression of the 1930s on Latin America; Venezuelan banking crisis of 1994
British credit crisis of 1772–1773 – started in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce, and Down. War of American Independence Financing Crisis (1776) (United States) – The French monarchy went deeply into debt to finance its 1.4 billion livre support for the colonial rebels; Spain invested 700 ...
The lack of focus on Latin American development in the post-war period was addressed by the creation of the Inter-American Development Bank (IDB) was established in April 1959, by the U.S. and initially nineteen Latin American countries, to provide credit to Latin American governments for social and economic development projects. Earlier ideas ...
The Mexican Weekend marked the beginning of the Latin American debt crisis. [citation needed] In August 1982, Mexican Secretary of Finance Jesús Silva Herzog Flores flew to Washington, D.C., to declare Mexico's foreign debt unmanageable, and announce that his country was in danger of defaulting.
This book can be heartily recommended… Carlos Marichal provides a compelling account of a century of Latin American international financial relations. He argues that the sequence of debt crisis that has punctuated Latin American history is attributable to cyclical instability in the creditor countries.
1864 crisis Unlike the 1857 and the 1875 crisis, this one had an internal cause, which was an excessively recessive monetary policy adopted in the beginning of the decade. [5] Internal Paraguayan War: A costly conflict. The war generated financial and economic hardships which lasted the rest of Pedro II's reign and antecipated the fall of the ...
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.