2min chapter

Economics Explained cover image

Why Argentina Is Doomed to Fail Over and Over Again

Economics Explained

CHAPTER

The Economic Impact of the Great Depression on Argentina

This chapter explores how the Great Depression affected Argentina's strong economy, leading to a decline in foreign income, political instability, and the rise of the military junta. It also discusses the government's shift towards self-sufficiency and internal market demand, which helped maintain living standards despite high inequality.

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