<P> The Great Depression which followed the US stock market crash of 1929 badly affected the countries of Latin America . </P> <P> Chile, Peru, and Bolivia were, according to a League of Nations report, the countries worst - hit by the Great Depression . The rise of fascism also became apparent in Latin American countries in the 1930s due to the Great Depression . Fascist governments were the result of a desire for nationalism, which rulers like Getúlio Vargas of Brazil played on through propaganda . Haiti, for its part, came out of the Great Depression as an independent country after the US pulled out their troops in 1936 . </P> <P> In Brazil and in other Latin American countries such as Mexico, responses to the Great Depression also led to a strengthening of the industrialization process (begun in the nineteenth century). Brazil needed an economic alternative to the highly devalued coffee, its main commodity at the time . The Vargas government started to purchase and burn coffee from the farmers, in order to avoid their complete bankruptcy . </P>

In what way was latin america impacted by the great depression