Military government- 1966-73 era

 Argentina’s economy in 1966-73 was relatively stabilized. Thanks to the efforts by Krieger Vasema, who was then the minister for labor and thrift (Heras, 2021).  He de-valuated the country’s currency by setting up steel, electric power, house and road construction projects.  The country experienced rampant riots and disturbances in 1969 in major cities such as Rosario, Cordoba, and Corrietes due to labor and student conflicts.  These incidents were indicators of resisting the economic policies proposed by Krieger Vanesa.  Later on, Krieger was removed and replaced by the Ongania administration, unable to decide on economic policies proffered alternatives. As a result, there was an unfavorable political climate.

President Aramburu got killed by Peronist organizations organized for underground political activities, whose aim was to return the constitutional rule.  Later in June 1960, Ongania was overthrown out of government and replaced by Marcelo Levingston.  In this era, there was an increase in inflation that resulted in terrorist acts, which precipitated General Levingston’s removal and was replaced by Agustin Lanusse. After the second election into power in 1973, Peron proffered focused majorly on promoting monetary stabilization, control of wages and salaries, and regulating the profits achieved by the agricultural exporters.  The price of petroleum products rose as a result of the Arab oil embargo in the year 1973.  The increased inflation rates are also considered the causes of the surges in these prices.  The economy of Argentina has encountered tremendous transitions in the 21^st century.  The elections conducted in November 2015 saw MACRI elected as the president.  He made significant economic efforts to stabilize the country’s economy by lifting the export controls taxes on some selected commodities, payment of debts, and lifting taxes on capital investments (Barros et al., 2015).

Works cited

Argentina – Military Government, 1966–73 | Britannica. https://www.britannica.com/place/Argentina/Military-government-1966-73. Accessed 9 Apr. 2021.

Barros, V. R., Boninsegna, J. A., Camilloni, I. A., Chidiak, M., Magrín, G. O., & Rusticucci, M. (2015). “Climate change in Argentina: trends, projections, impacts and adaptation”. Wiley Interdisciplinary Reviews: Climate Change, 6(2), 151-169.

Heras, R. G. (2021). “Finanzas internacionales entre dos eras: la experiencia del peronismo en Argentina”, 1973-1976. América Latina en la Historia Económica, 28(2), 1-23.