Argentina and the Great Depression Despina Pavlidis IB HOA Period 3.
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Transcript of Argentina and the Great Depression Despina Pavlidis IB HOA Period 3.
Argentina and the Great Depression
Despina PavlidisIB HOA Period 3
Before the Great Depression
● 1913: world’s 10th wealthiest nation● Specialized production in beef and wheat
o mainly exports to Great Britain
● Educated workforceo mostly European immigrants
● 1916: Radical Party - Hipólito Yrigoyeno 1st period of democracy to represent the
urban/industrial classes
During the Great Depression
● 1929: beef and wheat exports drop by 40%● 1930: Yrigoyen overthrown by military coup● 1933: Roca-Runciman Agreement
o guaranteed Argentina a fixed share in British meat market
o eliminated tariffs on Argentine cerealso preferential import duties for British goods
● Protectionist policieso exchange control, high import duties, import licences
Argentine Fiscal Policy
Bibliography ● http://www.reuters.com/article/2014/07/30/us-argentina-debt-chronology-idUSK
BN0FZ23N20140730● http://www.webcitation.org/63mlJ3cS8● http://www.ssc.wisc.edu/~munia/475/Presentations/Argentinabrief_history.pdf● http://www.econ.uba.ar/www/departamentos/economia/nuevo/files/pubs/rozen
wurcel_lasa.PDF