Since what year had the Brazilian coffee industry been in distress before the collapse of the European markets?
Brazil Coffee export
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11th Grade - University
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The transcript discusses Brazil's significant role in global coffee production, accounting for 65% of the world's supply. This industry was crucial to Brazil's national income. However, the collapse of European coffee markets in 1940 severely impacted Brazil's economy, which had been struggling since 1930. US diplomats were concerned that Brazil's economic instability could affect the friendly government of Chateau Leo Fargo.
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