1991 Argentine Legislative Election
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1991 Argentine Legislative Election
The Argentine legislative elections of 1991 were held on four dates, 11 August, 8 September, 27 October and 1 December, though most polls took place on 8 September. Voters chose their legislators and governors and, with a turnout of 80%. Background Amid sudden hyperinflation and riots, Governor Carlos Menem exhorted voters in May 1989 that ''"following me will not disappoint you!"'' Elected in a landslide, his administration had a rocky start marked by an early stabilization plan that had failed by December and a series of corruption scandals surrounding his freewheeling in-laws. After a tentative stability had been achieved by the end of 1990, a new currency crisis in January 1991 led President Menem to transfer his Foreign Minister, Domingo Cavallo, to the Economics Ministry. Cavallo, an unorthodox economist remembered for having rescinded the Central Bank's hated Circular 1050 and its crushing interest rate surcharges during a stint as Central Bank President in 1982, was entr ...
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1989 Argentine General Election
The Argentine general election of 1989 was held on 14 May 1989. Voters chose both the President of Argentina, President and their legislators and with a turnout of 85.3%, Carlos Menem won the presidency, and the peronist Justicialist Party won the control of both houses of Congress. This is the last presidential election the president was elected by the electoral college. Background Inheriting a difficult legacy from his National Reorganization Process, military predecessors, President Raúl Alfonsín's tenure had been practically defined by the foreign debt Argentina's last dictatorship left behind. Signs of unraveling in Alfonsín's 1985 Argentine austral, Austral Plan for economic stabilization cost his centrist Radical Civic Union (UCR) its majorities in the Argentine Chamber of Deputies, Chamber of Deputies (lower house of Congress) and among the nation's 22 governorships in the September 1987 mid-term elections. Facing a restive armed forces opposed to trials against pas ...
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Historical Exchange Rates Of Argentine Currency
The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. The exchange rate at the end of each month is expressed in: *From January 1914 to December 1969: Pesos Moneda Nacional *From January 1970 to May 1983: Pesos Ley 18188 *From June 1983 to May 1985: Peso Argentino *From June 1985 to December 1991: Australes *From January 1992: pesos The value of one current peso is 10,000,000,000,000 (trillion) ''pesos moneda nacional'' (m$n), the currency in use from 1881 to 1969. It's also equal, as of year-end 2022, to 780 trillion 1914 pesos with the U.S. dollar as reference an average annual depreciation relative to the dollar of 27% (i.e. an annual increase of the value of the dollar of 37%). See also * Table of historical exchange rates * Economic history of Argentina * Latin American debt crisis * La Década Perdida (The Lost Decade; the 1980s) * Argentine m ...
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Catamarca Province
Catamarca () is a province of Argentina, located in the northwest of the country. The province had a population of 334,568 as per the , and covers an area of 102,602 km2. Its literacy rate is 95.5%. Neighbouring provinces are (clockwise, from the north): Salta, Tucumán, Santiago del Estero, Córdoba, and La Rioja. To the west it borders the country of Chile. The capital is San Fernando del Valle de Catamarca, usually shortened to Catamarca. Other important cities include Andalgalá, Tinogasta, and Belén. Geography Most of Catamarca's territory of 102,602 square kilometers (2.7% of the country total), is covered by mountains (80%), which can be grouped into four clearly differentiated systems: the Pampean sierras, in the east and center; the Narváez-Cerro Negro-Famatina system, in the west; the cordilleran-Catamarca area of transition, in the western extreme; the Puna, an elevated portion, in the northwest. Located in an arid and semi-arid climate zone, the scarce w ...
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Raúl Alfonsín
Raúl Ricardo Alfonsín (12 March 1927 – 31 March 2009) was an Argentine lawyer and statesman who served as President of Argentina from 10 December 1983 to 8 July 1989. He was the first democratically elected president after more than seven years of military dictatorship, and is considered the "father of modern democracy in Argentina". Ideologically, he identified as a Radical and a social democrat, serving as the leader of the Radical Civic Union from 1983 to 1991, 1993 to 1995, 1999 to 2001, with his political approach being known as "Alfonsinism". Born in Chascomús, Buenos Aires Province, Alfonsín began his studies of law at the National University of La Plata and was a graduate of the University of Buenos Aires. He was affiliated with the Radical Civic Union (UCR), joining the faction of Ricardo Balbín after the party split. He was elected a deputy in the legislature of the Buenos Aires province in 1958, during the presidency of Arturo Frondizi, and a national de ...
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Roberto Dromi
The name Robert is an ancient Germanic given name, from Proto-Germanic "fame" and "bright" (''Hrōþiberhtaz''). Compare Old Dutch ''Robrecht'' and Old High German ''Hrodebert'' (a compound of '' Hruod'' ( non, Hróðr) "fame, glory, honour, praise, renown" and ''berht'' "bright, light, shining"). It is the second most frequently used given name of ancient Germanic origin. It is also in use as a surname. Another commonly used form of the name is Rupert. After becoming widely used in Continental Europe it entered England in its Old French form ''Robert'', where an Old English cognate form (''Hrēodbēorht'', ''Hrodberht'', ''Hrēodbēorð'', ''Hrœdbœrð'', ''Hrœdberð'', ''Hrōðberχtŕ'') had existed before the Norman Conquest. The feminine version is Roberta. The Italian, Portuguese, and Spanish form is Roberto. Robert is also a common name in many Germanic languages, including English, German, Dutch, Norwegian, Swedish, Scots, Danish, and Icelandic. It can be u ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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Zulema Yoma
Zulema Fátima Yoma (born 18 December 1942) was the First Lady of Argentina from 1989 until 1991, when she divorced President Carlos Menem. Biography A native of Nonogasta in La Rioja Province, Yoma was married for twenty-five years (1966–91) to Carlos Saúl Menem, who served as President of Argentina from July 1989 to December 1999. Her parents were Syrian Muslims, as Menem's were. They had two children, a son, Carlos Saúl Facundo Menem Yoma, who died in a helicopter crash in 1995, and a daughter, Zulema María Eva Menem, who, starting in 1991, fulfilled the role of First Lady at formal occasions for the remaining eight years of her father's presidency. Controversies Her son, Carlos Saúl Facundo Menem, died in a helicopter crash in 1995. Although it was ruled an accident, there are conspiracy theories that say he was actually murdered, of which Zulema Yoma and her daughter Zulemita are convinced. Yoma felt her son's death was politically motivated and even stated that the co ...
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Peronist
Peronism, also called justicialism,. The Justicialist Party is the main Peronist party in Argentina, it derives its name from the concept of social justice., name=, group= is an Argentine political movement based on the ideas and legacy of Argentine ruler Juan Perón (1895–1974). It has been an influential movement in 20th and 21st century Argentine politics. Since 1946, Peronists have won 10 out of the 13 presidential elections in which they have been allowed to run. The main Peronist party is the Justicialist Party. The policies of Peronist presidents have differed greatly, but the general ideology has been described as "a vague blend of nationalism and labourism" or populism. Perón became Argentina's labour secretary after participating in the 1943 military coup and was elected president of Argentina in 1946. He introduced social programs that benefited the working class, supported labor unions and called for additional involvement of the state in the economy. In addit ...
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Juan Perón
Juan Domingo Perón (, , ; 8 October 1895 – 1 July 1974) was an Argentine Army general and politician. After serving in several government positions, including Minister of Labour and Vice President of a military dictatorship, he was elected President of Argentina three times, serving from June 1946 to September 1955, when he was overthrown by the '' Revolución Libertadora'', and then from October 1973 until his death in July 1974. During his first presidential term (1946–1952), Perón was supported by his second wife, Eva Duarte ("Evita"): they were immensely popular among the Argentine working class. Perón's government invested heavily in public works, expanded social welfare, and forced employers to improve working conditions. Trade unions grew rapidly with his support and women's suffrage was granted with Eva's influence. On the other hand, dissidents were fired, exiled, arrested and tortured, and much of the press was closely controlled. Several high-profile war crimin ...
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State Enterprise
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ...
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Labor Law
Labour laws (also known as labor laws or employment laws) are those that mediate the relationship between workers, employing entities, trade unions, and the government. Collective labour law relates to the tripartite relationship between employee, employer, and union. Individual labour law concerns employees' rights at work also through the contract for work. are social norms (in some cases also technical standards) for the minimum socially acceptable conditions under which employees or contractors are allowed to work. Government agencies (such as the former US Employment Standards Administration) enforclabour law(legislature, regulatory, or judicial). History Following the unification of the city-states in Assyria and Sumer by Sargon of Akkad into a single empire ruled from his home city circa 2334 BC, common Mesopotamian standards for length, area, volume, weight, and time used by artisan guilds in each city was promulgated by Naram-Sin of Akkad (c. 2254–2218 BC), Sargo ...
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Argentine Currency Board
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. While it initially met with considerable success, the board's actions ultimately failed. In contrast to what most people think, this peg actually did not exist, except only in the first years of the plan. From then on, the government never needed to use the foreign exchange reserves of the country in the maintenance of the peg, except when the recession and the massive bank withdrawals started in 2000. Background For most of the period between 1975 and 1990, Argentina experienced hyperinflation (averaging 325% a year), poor or negative GDP growth, a severe lack of confidence in the national government and the Central Bank, and low levels of capital investment. After eight currency crises since the early 1970s, inflation peaked in 1989, reaching 5,000% that year. GDP was ...
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