What statement best describes the economies of the newly independent nations of South America during the nineteenth century?
A. These nations began industrializing through the process of import substitution.
B. These nations developed subsistence farming economies to replace the imports of European grains.
C. Latin America became dependent on the production of a small number of natural resources or cash crops for export to global markets.
D. Latin America attracted large numbers of immigrants, which provided cheap labor for its growing industrial economy.