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What effect did latin america reliance of trade with the west have on the regions economy

Prices of goods were more easily stabilized



Prices of goods were subject to fluctuate widely



Wealthier Europeans often exploited Latin America



Latin America could set high prices for staple items

Sagot :

Baraq

Answer:

Wealthier Europeans often exploited Latin America

Explanation:

Latin America which is a term generally used to describe the South American continent was generally believed to be a continent that has a vast amount of natural resources, including, land, humans, and minerals.

Over the years since the European contacts during the Columbus era around the 15th century with the natives and inhabitants of the region, Latin America has been known to over-relied on trade with the Western Europes, and it has caused a lot of effects on the region's economy.

One of the major effects of Latin American reliance on trade with the west has on the region's economy is considered to be "Wealthier Europeans often exploited Latin America."

This is evident in the fact that Wealthy Europeans are generally purchasing raw materials and human labor at cheaper rates, thereafter sell the refined products to back at costly prices.

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