|
The 20th Century was marked by military dictatorships, coup d'états, and the restoration of democracy. During WWI, there was plenty of work due to a wave of industrialisation that took the country by storm, and the Argentinian Peso rose in value on the worldwide market. Mainly in the golden 1920’s, another 1.4 million immigrants entered this country. However, because of the huge worldwide economic crisis, Argentina too was brought to its knees economically speaking, which in turn gave way to a military coup, schemed by conservative powers and carried out together with the military. September 1930 saw the start of a long, latent political and economic crisis.
During WWII a military coup was carried out and a military force took over the government. In 1946, new elections were initiated and Juan Domingo Perón of the Labour Party was elected president. According to Peron's opinion, it was the ignorance of the ruling classes which lead to to the enormous social problems that Argentina Faced. His solution was a reinforcement of the state, a supervision of the workmanship and a generous social program.
In 1951 Argentina experienced an economic revival and its position from a debtor changed into a creditor. In order to sustain the high social benefits, the whole of the foreign trade was nationalised. Moreover, workers were given access to positions in the administration and in the parliament. The rising inflation and the sinking exports to a Europe after the second World War, forced Peron to make a shift in his economic policy. Salaries and wages were frozen, the import reduced, and farming products became more and more expensive. Mostly because of the death of Peron’s wife, Eva Duarte, his policies soon lost all credibility and after another military coup in 1955, Peron was forced to resign.
What followed were a number of civil and military governments and Argentina continued to loose more and more its economic and internal political stability. The return to a Republican Democracy in 1983 started an area of economic and political consolidation. It nevertheless experiences every now and then further bans contrary to democratic ideas (the last were in 2001/2002). The president of Argentina is currently Néstor Kirchner and for the past few years no important incidents have occurred. Economic growth now seems to be more stable. |