What Typically Happened to Profits Generated by Ranches and Plantations

question 41

Multiple Choice

What typically happened to profits generated by ranches and plantations in the early extraction phase of Middle and South America's history?

• A) They flowed out of the country to foreign owners.
• B) They were depleted by annual recurrences of various types of natural disasters.
• C) They accumulated in local banks to allow governments to avoid imposing taxes.
• D) They were used to fund massive social programs, such as schools and public housing.

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Definitions:

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