How did the economic depression after World War 1 affect governments in Latin America?

The economic depression following World War I had a profound impact on Latin American governments, leading to political instability and social unrest. Many countries faced severe economic challenges, such as declining exports and inflation, prompting governments to adopt protectionist measures and increased intervention in the economy. This environment often resulted in the rise of authoritarian regimes, as leaders sought to maintain control and address public discontent. Additionally, the economic crisis spurred nationalist movements that aimed to reduce dependence on foreign powers and promote local industries.