The correct answer is “Mexican Nationalism inspired similar economic and political reforms in other countries.”
The effect that the Mexican Revolution had on other Latin American nations was that Mexican Nationalism inspired similar economic and political reforms in other countries.
Mexican Independence movement served as an inspiration to their nations in Latin America such as Venezuela, Bolivia, Argentina, and Ecuador. These nations in what was known as the new Spain were tired of being oppressed by the Spanish monarchy and wanted to gain their Independence from Spain. Mexican Independence, led by Miguel Hidalgo and Jose Maria Morelos y Pavon, represented a great inspiration to other leaders in different Latin American territories.