This is Argentina, a country that in 1908, was the seventh richest country in the world that had just surpassed Canada, Denmark, and The Netherlands. It was an export superpower that helped feed the majority of the European population, it had a stable and modern political system, and it had a well-developed education system that once had the highest literacy rate in the entire Latin America.

This beautiful and historic country of Argentina is one the best study case of what can go wrong within an economy, because everything that can go wrong, did go wrong. Throughout its history, Argentina has defaulted on its debts a total of nine times, and it seems like it’s only a matter of time before another one happens. Inflation right now is at 211%, and 40.1% of the people who live below the poverty line have been unable to afford basic necessities like food, fuel, and medicine.

So, how did Argentina become one of the richest countries in the world? And what mistakes do the country make to become the mess that it is today? In this video, we’re going to review the entire history of Argentina’s economy and the root cause of its economic problems. This is the economy of Argentina.

Sources:
https://latinaer.springeropen.com/art... The rise and fall of Argentina and the impact of Institutional breakdowns
https://manifold.bfi.uchicago.edu/rea... The case of Argentina
https://www.reuters.com/markets/argen... $400 billion debt bomb
https://www.econstor.eu/bitstream/104... A brief history of hyperinflation in Argentina
https://oxfordre.com/latinamericanhis... Commodities and Consumption in “Golden Age” Argentina
https://www.scielo.cl/scielo.php?scri... The economic consequence of Argentine independence
https://zaguan.unizar.es/record/84206... How Argentina became a super‑exporter of agricultural and food products during the First Globalisation (1880–1929)
https://www.semanticscholar.org/paper... Perils of a fixed exchange rate

0:00 - Intro
1:52 - Argentina Under Colonial Rule
6:02 - Post-Independence Economic Transition
7:25 - The Rise of a Modern Nation
11:54 - World War 1 & A Slow Decline
14:58 - The Great Depression
20:06 - Argentina's Chronic Problem: Overspending
22:20 - The Rise of Inflation and Stagnation
24:40 - Back to the Free Market & Hyperinflation
29:18 - Fixed Exchange Rate Regime
32:20 - The Present Moment

Music by Epidemic Sound

Stock Footage by Storyblocks

#Argentina #Economy #Doverhill

about economics explained, about Finance and how money works, on Argentina's economic crisis, how it became so rich and how it is mared by hyperinflation and recessions today, This is an economics/finance video