Argentina is experiencing one of its worst economic moments, but it was not always like this: it did not always have inflation higher than 130%, but There was a time when it was a rich country. Of that prosperous Argentina, of progress and the Argentine Welfare State, today only black and white memories remain.

The 19th century ended and the 20th began as one of the most prosperous countries in the world, in the top 10 of the richest people on the planet. “Argentina It was the granary of the world and it was considered an exporter of raw materials and a first-class agricultural power,” explains Economics professor José Manuel Corrales, from the European University.

Argentina made its fortune with agricultural exports, oil and an industry which was beginning to take off when the first coup d’état arrived. “Many military pronouncements, many coups d’état, many populist governments which in the end had a notable influence on this economic decline,” explains Corrales.

Military dictatorships and economic crises global events that began to destabilize an economy that It finally sank in 1976. “In Argentina there was a military dictatorship until 1983, in those years debt increased by 364%“recalls the expert.

Political instabilities that they increased the debt, they increased inflation now shot and left some poverty rates that affect 40% of the population.

Thus, one of the richest countries in the world at the beginning of the 20th century, which far surpassed the Spanish economy, has moved on to a completely different situation: they are now 100 years of continuous decline of its economyit is the century of Argentine decadence