Argentina Paper - Hannan Merritt Latin American...

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Hannan Merritt Latin American Perspectives And the Money Kept Rolling In (and Out) 12/12/07 Since Argentina’s inception it has experienced periods of rapid growth, stagnation and then rapid  and devastating depression, inflation, and default . Because Argentina’s economy is almost  exclusively based on the value of the products that they export, the economy is “at the mercy of  foreign events and decisions made abroad,” that “helped perpetuate a deformed social and  political system” (Keen 306) . This kind of economy creates a sharp difference between the rich,  the middle class, and the poor .   As Argentina began to industrialize and become a player on the  world stage those who owned land became extremely wealthy while those who were forced to  work in the factories and plantations were forced to live in squalid conditions .  This kind of rapid  growth which then leads to glaring differences between classes only creates tension and  struggles for power .  In Argentina a struggle for power has until recently resulted in the military  staging a coup and taking power .   Throughout the 19 th  and 20 th  centuries a series of dictators, 
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Argentina Paper - Hannan Merritt Latin American...

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