Argentine Economic Crisis (1999
Argentina has faced several economic crises, such as: * The Rodrigazo (1975) * The 1989 hyperinflation in Argentina * The 1998–2002 Argentine great depression * The 2018–present Argentine monetary crisis The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power ...

Rodrigazo
''Rodrigazo'' is the name given to a group of economic policies announced in Argentina on June 4, 1975 and the riots that ensued thereafter. 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. The Rodrigazo fractured the prime bulwark of Peronist support, labor unions, and is held to have helped lead to Isabel Perón's downfall less than a year later. 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 l ...
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1989 Hyperinflation In Argentina
Argentina had a severe hyperinflation in 1989, the final year of the presidency of Raúl Alfonsín, who resigned because of it. Carlos Menem, president-elect at the time, took office earlier as a result. Hyperinflation continued during 1990, and ended with the convertibility plan. Both years the inflation rate was above 2600%. Development Raúl Alfonsín lost the 1987 Argentine legislative election and, unable to regain public support, started the Spring plan in 1988 to stop the growing inflation before the 1989 Argentine general election. The government negotiated price controls with the Argentine Industrial Union and a rise in taxes. The foreign exchange market was split into a commercial and a financial market. The commercial market would be used for the exports from the primary sector of the economy and the financial one for the exports from the Secondary sector of the economy, secondary sector. However, the net exports of the primary sector diminished as a result of a drought ...
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1998–2002 Argentine Great Depression
The 1998–2002 Argentine great depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed fifteen years of Economic history of Argentina#Stagnation (1975–1990), stagnation and a brief period of Economic history of Argentina#Free-market reforms (1990–1995), free-market reforms. The depression, which began after the 1998 Russian financial crisis, Russian and Samba effect, Brazilian financial crises, caused widespread unemployment, December 2001 riots in Argentina, riots, the fall of the government, a Sovereign default, default on the country's foreign debt, the rise of alternative currencies and the end of the Argentine peso, peso's fixed exchange rate to the United States dollar, US dollar. The economy shrank by 28 per cent from 1998 to 2002. In terms of income, over 50 per cent of Argentines lived below the official poverty line and 25 per cent were indigent (their basic needs were unm ...
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