Asked by
Mickey Raine
on Dec 16, 2024
Verified
Operation Bootstrap was launched after the Second World War to attract U.S. corporations to Puerto Rico. What was the overall outcome of Operation Bootstrap?
A) Rapid overall growth in the Puerto Rican economy although unemployment remained high and wages stayed low
B) Reduced unemployment in Puerto Rico and increased wages despite the fact that few new corporations were attracted.
C) Significantly higher wages for workers but at the cost of significantly increased unemployment
D) Decreased wages for both Puerto Ricans and U.S. workers as corporations sought bases in other countries
Operation Bootstrap
An economic development program initiated in Puerto Rico in the late 1940s to transform the economy from agriculture-based to industrial.
Puerto Rican Economy
Refers to the economic structure, dynamics, and trends of Puerto Rico, a territory of the United States, which includes industries such as manufacturing, services, and tourism.
- Assess the connections of minority groups with the predominant societal constructs across history to the modern day, specifically within economic contexts.
- Appraise the impact of designated historical events and measures on the economic, social, and political status of immigrant and minority populations.
Verified Answer
SK
Learning Objectives
- Assess the connections of minority groups with the predominant societal constructs across history to the modern day, specifically within economic contexts.
- Appraise the impact of designated historical events and measures on the economic, social, and political status of immigrant and minority populations.