Latin America guide


Argentina travel

Argentina is a country in southern SouthConservative rule. Political change led to
America. It ranks second in land area inthe presidency of Juan Perón in 1946, who
South  America,  and  eighth  in  the  world.tried to empower the working class and
greatly expanded the number of unionized
Argentina occupies a continental surface areaworkers. The Revolución Libertadora of
of 2,766,890 km2 (1,078,000 sq mi) between1955  deposed  him.
the Andes mountain range in the west and the
southern Atlantic Ocean in the east andFrom the 1950s to 1970s, soft military and
south. It is bordered by Paraguay and Boliviaweak civilian administrations traded power.
in the north, Brazil and Uruguay in theDuring those years the economy grew strongly
northeast, and Chile in the west and south.and poverty declined (to less than 7% in
The country claims the British controlled1975), but became increasingly protectionist.
territories of the Falkland Islands (Spanish:At the same time political violence continued
Islas Malvinas) and South Georgia and theto escalate. In 1973, Perón returned to
South Sandwich Islands. Under the name ofthe presidency, but he died within a year of
Argentine Antarctica, it claims 969,464 km2assuming power. His third wife Isabel, the
(374,312 sq mi) of Antarctica, overlappingVice President, succeeded him in office, but
other claims made by Chile and the Unitedthe military coup of March 24, 1976 removed
Kingdom.her  from  office.
"Argentina" derives from the Latin argentumThe armed forces took power through a junta
(silver). When the first Spanishin charge of the self-appointed National
conquistadors discovered the Río de laReorganization Process until 1983. The
Plata, they named the estuary Mar Dulcemilitary government repressed opposition and
('Sweet Sea', as in a fresh water sea).terrorist leftist groups using harsh illegal
Indigenous people gave gifts of silver to themeasures (the "Dirty War"); thousands of
survivors of the shipwrecked expedition, whodissidents "disappeared", while the SIDE
were led by Juan Díaz de Solís. Thecooperated with DINA and other South American
legend of Sierra del Plata – aintelligence agencies, and with the CIA in
mountain rich in silver – reachedOperation Condor. Many of the military
Spain around 1524, and the name was firstleaders that took part in the Dirty War were
seen in print on a Venice map from 1536. Thetrained in the U.S.-financed School of the
source of the silver was the area where theAmericas, among them Argentine dictators
city of Potosí was to be founded in 1546.Leopoldo Galtieri and Roberto Viola. Economic
An expedition that followed the trail of theproblems, charges of corruption, public
silver up the Paraná and Pilcomayo riversrevulsion in the face of human rights abuses
finally reached the source only to find itand, finally, the country's 1982 defeat by
already claimed by explorers who reached itthe British in the Falklands War discredited
from Lima, the capital of the Viceroyalty ofthe  Argentine  military  regime.
Peru.
Democracy was restored in 1983. Raúl
The name Argentina was first used extensivelyAlfonsín's Radical government took steps
in the 1612 book Historia del descubrimiento,to account for the "disappeared", established
población, y conquista del Río de lacivilian control of the armed forces, and
Plata (History of the discovery, population,consolidated democratic institutions. The
and conquest of the Río de la Plata) bymembers of the three military juntas were
Ruy Díaz de Guzmán, naming theprosecuted and sentenced to life terms.
territory Tierra Argentina (Land of Silver).Failure to resolve endemic economic problems
In British English, the traditional name ofand an inability to maintain public
the country is The Argentine but this term isconfidence led to Alfonsín's early
no  longer  in  common  use.departure six months before his term was to
be  completed.
History
President Carlos Menem imposed a peso-dollar
The first signs of human presence infixed exchange rate in 1991 to stop
Argentina are located in the Patagoniahyperinflation and adopted far-reaching
(Piedra Museo, Santa Cruz), and date frommarket-based policies, dismantling
11,000 BC.[3] Around 1 AD, several corn-basedprotectionist barriers and business
civilizations developed in the Andean regionregulations, and implementing a privatization
(Santa María, Huarpes, Diaguitas,program. These reforms contributed to
Sanavirones, among others). In 1480, the Incasignificant increases in investment and
Empire under the rule of emperor Pachacutecgrowth with stable prices through most of the
launched an offensive and conquered1990s. Toward the end of the 1990s, large
present-day northwestern Argentina,fiscal deficits and overvaluation of the
integrating it into a region calledpegged peso caused a gradual slide into
Collasuyu. In the northeastern area, theeconomic crisis. By the end of his term in
Guaraní developed a culture based on yuca1999, these accumulating problems and
and sweet potato. The central and southernperceived corruption had made Menem
areas (Pampas and Patagonia) were dominatedunpopular.
by nomadic cultures, unified in the
seventeenth  century  by  the  Mapuches.The Menem and de la Rúa administrations
faced diminished competitiveness in exports,
European explorers arrived in 1516. Spainmassive imports which damaged national
established a permanent colony on the site ofindustry and reduced employment, chronic
Buenos Aires in 1580; the Viceroyalty of thefiscal and trade deficits, and the contagion
Río de la Plata was created in 1776. Inof several economic crises. The Asian
1806 and 1807 the British Empire launched twofinancial crisis in 1998 precipitated an
invasions to Buenos Aires, but the creoleoutflow of capital that mushroomed into a
population repelled both attempts. On May 25,recession, and culminated in economic crisis
1810, after confirmation of the rumors aboutin November of 2001. The next month, amidst
the overthrow of King Ferdinand VII bybloody riots, President de la Rúa
Napoleon, citizens of Buenos Aires tookresigned.
advantage of the situation and created the
First Government Junta (May Revolution).In two weeks, several presidents followed in
Formal independence from Spain was declaredquick succession, culminating in Eduardo
on  July  9,  1816  in  Tucumán.Duhalde's being appointed interim President
of Argentina by the Legislative Assembly on 2
In 1817, General José de San MartínJanuary 2002. Argentina defaulted on its
crossed the Andes to free Chile and Peru,international debt obligations. The peso's
thus eliminating the Spanish threat.almost 11-year-old linkage to the United
Centralist and federalist groups (Spanish:States dollar was abandoned, resulting in
Unitarios and Federales) were in conflictmajor depreciation of the peso and a spike in
until national unity was established and theinflation.
constitution  promulgated  in  1853.
With a more competitive and flexible exchange
Foreign investment and immigration fromrate, the country implemented new policies
Europe led to the adoption of modernbased on re-industrialization, import
agricultural techniques. In the 1880s, thesubstitution, increased exports, and
"Conquest of the Desert" subdued orconsistent fiscal and trade surpluses. By the
exterminated the remaining indigenous tribesend of 2002, the economy began to stabilize.
throughout the southern Pampas andIn 2003, Néstor Kirchner was elected
Patagonia.[4]president. During Kirchner's presidency,
Argentina restructured its defaulted debt
From 1887 to 1930, Argentina enjoyedwith a steep discount (about 66 percent) on
increasing prosperity and prominence throughmost bonds, paid off outstanding debts with
an export-led economy, and the population ofthe International Monetary Fund, renegotiated
the country swelled sevenfold. Conservativecontracts with utilities, and nationalized
forces dominated Argentine politics untilsome previously privatized industries.
1916, when their traditional rivals, theCurrently, Argentina is enjoying a period of
Radicals, won control of the government. Thehigh economic growth and increased political
military forced Hipólito Yrigoyen fromstability.
power in 1930, leading to another decade of



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