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Rodrigazo
Rodrigazo is the name given to a group of economic policies announced in Argentina on June 4, 1975, and their immediate aftermath. The name is from the fact that the policies were announced and implemented by Celestino Rodrigo, the Minister of Economy of Argentina appointed by President Isabel Perón in May 1975. Summary * A 150% devaluation of currency for the commercial exchange rate. * A 100% increase in utility and transportation prices. * A 180% rise in the price of fuel. * A 45% increase in wages. Aftermath Afterward, the real wage (the purchasing power of the wage) fell, as prices overall doubled between May and August alone and continued to fall until well into 1979. The crisis had political consequences, but not all were negative. Blindsided by the draconian measure, the normally supportive General Confederation of Labour (Argentina), CGT (the largest labor union in Latin America, at the time), called a general strikethe first ever under a Peronist government. Demanding a ...
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Rodrigazo At La Nación
Rodrigazo is the name given to a group of economic policies announced in Argentina on June 4, 1975, and their immediate aftermath. The name is from the fact that the policies were announced and implemented by Celestino Rodrigo, the Minister of Economy of Argentina appointed by President Isabel Perón in May 1975. Summary * A 150% devaluation of currency for the commercial exchange rate. * A 100% increase in utility and transportation prices. * A 180% rise in the price of fuel. * A 45% increase in wages. Aftermath Afterward, the real wage (the purchasing power of the wage) fell, as prices overall doubled between May and August alone and continued to fall until well into 1979. The crisis had political consequences, but not all were negative. Blindsided by the draconian measure, the normally supportive CGT (the largest labor union in Latin America, at the time), called a general strikethe first ever under a Peronist government. Demanding a 125-150% mandatory wage hike, the CGT initi ...
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Isabel Perón
Isabel Martínez de Perón (, born María Estela Martínez Cartas, 4 February 1931), also known as Isabelita, is an Argentine politician who served as President of Argentina from 1974 to 1976. She was one of the first female republican heads of state in the world, and the first woman to serve as president of a country. Isabel Perón was the third wife of President Juan Perón. During her husband's third term as president from 1973 to 1974, she served as both Vice President and First Lady of Argentina. Following her husband's death in office in 1974, she served as President for almost two years before the military took over the government with the 1976 coup. Perón was then placed under house arrest for five years before she was exiled to Spain in 1981. In 2007 an Argentine judge ordered Perón's arrest over the forced disappearance of an activist in February 1976, on the grounds that the disappearance was authorized by her signing of decrees allowing Argentina's armed forc ...
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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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History Of Argentina (1973–1976)
The history of Argentina can be divided into four main parts: the pre-Columbian time or early history (up to the sixteenth century), the colonial period (1536–1809), the period of nation-building (1810–1880), and the history of modern Argentina (from around 1880). Prehistory in the present territory of Argentina began with the first human settlements on the southern tip of Patagonia around 13,000 years ago. Written history began with the arrival of Spanish chroniclers in the expedition of Juan Díaz de Solís in 1516 to the Río de la Plata, which marks the beginning of Spanish occupation of this region. In 1776 the Spanish Crown established the Viceroyalty of the Río de la Plata, an umbrella of territories from which, with the Revolution of May 1810, began a process of gradual formation of several independent states, including one called the United Provinces of the Río de la Plata. With the declaration of independence on 9 July 1816, and the military defeat of the Spa ...
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March 1976 Coup
March is the third month of the year in both the Julian and Gregorian calendars. It is the second of seven months to have a length of 31 days. In the Northern Hemisphere, the meteorological beginning of spring occurs on the first day of March. The March equinox on the 20 or 21 marks the astronomical beginning of spring in the Northern Hemisphere and the beginning of autumn in the Southern Hemisphere, where September is the seasonal equivalent of the Northern Hemisphere's March. Origin The name of March comes from '' Martius'', the first month of the earliest Roman calendar. It was named after Mars, the Roman god of war, and an ancestor of the Roman people through his sons Romulus and Remus. His month ''Martius'' was the beginning of the season for warfare, and the festivals held in his honor during the month were mirrored by others in October, when the season for these activities came to a close. ''Martius'' remained the first month of the Roman calendar year perhaps as l ...
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Inflation Rate
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ...
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Guillermo Calvo
Guillermo Antonio Calvo (born 1941) is an Argentine-American economist who is director of Columbia University's mid-career Program in Economic Policy Management in their School of International and Public Affairs (SIPA). He published significant research in macroeconomics, especially monetary economics and the economics of emerging markets and transition economies. Biography Calvo is professor of economics, international and public affairs, and director of the Program in Economic Policy Management (PEPM) at Columbia University since January 2007. He is a research associate at the National Bureau of Economic Research (NBER). He is the former chief economist of the Inter-American Development Bank (2001–2006), president of the Latin American and Caribbean Economic Association, LACEA, 2000–2001, and president of the International Economic Association, IEA, 2005–2008. He graduated with a Ph.D. from Yale in 1974. He was professor of economics at Columbia University (1973–1986) ...
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Death Squad
A death squad is an armed group whose primary activity is carrying out extrajudicial killings or forced disappearances as part of political repression, genocide, ethnic cleansing, or revolutionary terror. Except in rare cases in which they are formed by an insurgency, domestic or foreign governments actively participate in, support, or ignore the death squad's activities. Death squads are distinct from assassination from their permanent organization and the larger number of victims (typically thousands or more) who may not be prominent individuals. Other violence, such as rape, torture, arson, or bombings may be carried out alongside murders. They may comprise a secret police force, paramilitary militia groups, government soldiers, policemen, or combinations thereof. They may also be organized as vigilantes, bounty hunters, mercenaries, or contract killers. When death squads are not controlled by the state, they may consist of insurgent forces or organized crime, such as the ones ...
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Argentine Anticommunist Alliance
The Argentine Anticommunist Alliance ( es, Alianza Anticomunista Argentina, links=no, usually known as Triple A or AAA) was an Argentine Peronist political action group operated by a sector of the Federal Police and the Argentine Armed Forces, linked with the anticommunist lodge Propaganda Due, that killed artists, priests, intellectuals, leftist politicians, students, historians and union members, as well as issuing threats, carrying out extrajudicial killings and forced disappearances during the presidencies of Juan Perón and Isabel Perón between 1973 and 1976. The group was responsible for the disappearance and death of between 700 and 1100 people. The Triple A was secretly led by José López Rega, Minister of Social Welfare and personal secretary of Juan Perón. Rodolfo Almirón, arrested in Spain in 2006, was alleged to be his chief operating officer of the group, and was officially head of López Rega's and Isabel Perón's personal security. He was extradited from ...
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Spain
, image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , image_map = , map_caption = , image_map2 = , capital = Madrid , coordinates = , largest_city = Madrid , languages_type = Official language , languages = Spanish language, Spanish , ethnic_groups = , ethnic_groups_year = , ethnic_groups_ref = , religion = , religion_ref = , religion_year = 2020 , demonym = , government_type = Unitary state, Unitary Parliamentary system, parliamentary constitutional monarchy , leader_title1 = Monarchy of Spain, Monarch , leader_name1 = Felipe VI , leader_title2 = Prime Minister of Spain ...
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José López Rega
José López Rega (17 November 1916 – 9 June 1989) was an Argentine politician who served as Minister of Social Welfare from 1973 to 1975, first under Juan Perón and continuing under Isabel Perón, Juan Perón's third wife and presidential successor. Lopez Rega exercised Rasputin-like authority over Isabel Perón during her presidency, and used his influence and unique access to become the ''de facto'' ruler of Argentina. His far-right politics and interest in the occult earned him the nickname ''El Brujo'' ("the Warlock"). Rega had one daughter, Norma Beatriz, who went on to become the spouse of President Raúl Lastiri. Biography Early life López Rega's mother died giving birth to him in Buenos Aires. According to his biography by Marcelo Larraquy (2002), he was a respectful, introverted boy, who had a library covering an entire wall and a special interest in spiritual topics (which would later turn into a passion for esoterism and occultism). He married at the age of 27. I ...
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Plaza De Mayo
The Plaza de Mayo (; en, May Square) is a city square and main foundational site of Buenos Aires, Argentina. It was formed in 1884 after the demolition of the Recova building, unifying the city's Plaza Mayor and Plaza de Armas, by that time known as ''Plaza de la Victoria'' and ''Plaza 25 de Mayo,'' respectively. The city centre of Buenos Aires, Plaza de Mayo has been the scene of the most momentous events in Argentine history, as well as the largest popular demonstrations in the country. On the occasion of the first anniversary of the May Revolution in 1811, the Pirámide de Mayo ( en, May Pyramid) was inaugurated in the square's hub, becoming Buenos Aires' first national monument. It is located in the financial district known as '' microcentro'', within the ''barrio'' ( en, neighborhood) of Monserrat. It is bounded by Bolívar, Hipólito Yrigoyen, Balcarce and Avenida Rivadavia streets; and from its west side three important avenues are born: Avenida Presidente Julio Argenti ...
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