This is the new edition of the highly acclaimed Latin America in the
1930s, a text which has proved invaluable for teachers, researchers and
students alike. The second edition has been revised and updated,
including a new preface and updated statistical material, to form the
second volume in the Economic History of Twentieth-Century Latin America
. This book confronts the puzzle of Latin America's rapid recovery from
the collapse in world markets and capital flows in the late 1920s. It
shows how far the safety valves which made recovery possible in the
1930s were not available fifty years later. It documents the impact of
crisis on the changing role of the state and on institutional
development. The Central American case studies have been updated with
significantly improved data.