5C.++Identify+the+effects+of+major+global+economic+developments

C. Identify the effects of major global economic developments: Describe the causes and effects the global economy had on Latin America and identify the factors that contributed to economic globalization during the 20th century as well as their consequences.

=__**Latin America**__= “Globalization is a process to eliminate that multitude of people who are not useful to the powerful.” -Subcomandante Marcos ( leader of the Chiapas Rebellion). []
 * Background info: **
 * Began the 20th century as a pretty poor region compared to other areas throughout the world.

· One cause of low level income per each individual person was capital scarcity. *In order to have long term growth through capital you must have two things; the ability to mobilize domestic capital through either savings or large foreign investment. *Latin America had large amounts of capital inflows up until the 1930’s; however they weren't as favored as other regions, like Asia.
 * __Causes and Effects__**

· Latin American was unable to repay debts which resulted in a major financial crisis in the 1980s. The financial crisis caused a lost decade for their economic development.

· Mexico was divided because of the global economy. *The Northern part of the country had a lot of business ties with the United States,while the south didn't. *The North was able to grow more economically. This caused a southern Mexican revolution called the Chiapas Rebellion.



=__**Factors that Contributed to Globalization**__= Technology has contributed to globalization because its ability to connect people throughout the 20th century. For example, the invention of the internet continues to help connect the world. Similarly, the improvements in society and transportation have furthered the connections. One such technological advance is flight which played a large part in linking the world. Furthermore, transportation has played yet another role in connecting the global community. The mass production of the automobile and the creation of multi-national railroads helped expedite trade and culture across Europe. One such great achievement was the Trans-Siberian railroad which crossed the entirety of Russia. Henry Ford’s creation, the assembly line, churned out automobiles which postal services adopted and were much faster at transporting mail than the old pony express. The rapid exchange of mail and goods further connected the world and allowed for other countries to become involved in the worldwide trade.
 * __Technology and Transportation:__**

Another factor that has greatly contributed to globalization is education. It raises an awareness of our social, economic, political, and environmental concerns for the future. The availability of education has spread new ideas and philosophies to the citizens of different countries. One major example of how education promotes globalization can be seen in language classes. For example, the option of these courses has helped the world to further interact with each other promoting all other categories of growth. With the exchange of language comes the exchange of business, arms, and technology can occur. In earlier times trade was more limited because the massive differences in language. Education is also at work in the form of reading. The spread of Christianity promoted the reading of the bible and in turn literacy in general. Through missionaries the teachings of the bible as well as reading was sent to other parts of the world including the Americas, Africa, and Asia.
 * __Education:__**