Final answer:
Industrialization in Latin America led to increased agricultural production but limited diversified economic growth, as the region remained primarily focused on exporting cash crops and was heavily reliant on foreign investment and equipment.
Step-by-step explanation:
An effect of industrialization in Latin America was increased agricultural production. This was a consequence of the introduction of industrial methods and equipment into agriculture, although the industrialization efforts did not lead to significant diversification in many Latin American economies, which remained largely dependent on agricultural exports. Railroads were constructed primarily for exporting raw materials and did not foster a national network for a more diversified economy. Additionally, while some efforts were made to build industry, heavy reliance on foreign investment and imports of equipment kept local economic growth limited and reinforced dependency on cash crop exports.