What effects did the Wall Street crash have on Brazil?

The Wall Street crash of 1929 led to a significant economic downturn in Brazil, as the country was heavily reliant on the export of primary commodities, particularly coffee. The collapse of international markets resulted in a drastic drop in coffee prices, severely impacting Brazil's economy and government revenues. This crisis prompted Brazil to shift towards industrialization and economic diversification, ultimately leading to the implementation of import substitution policies in the following decades. Additionally, the political landscape was affected, contributing to social unrest and the rise of nationalist movements.