Economic history of Argentina rate never went above 10%, and the country largely recovered by 1935. However, the Depression permanently halted its economic expansion. Actually, much like other developing countries, the economy was already in a downturn beginning in 1927, a result of declining prices. Argentina abandoned the gold standard in December 1929, earlier than most countries. For much of the previous period, the country had operated a currency board, in which a body known as the caja de conversión was charged with maintaining the peso's value in gold. The devaluation of the peso increased the competitiveness of its exports and protected domestic production.
Politics of Argentina elected in 2015 and he came in with an opposite conservative agenda. He cut back on subsidies, took a hard stance against corruption, and has currently asked for a 50bn dollar IMF bailout. Some of the most important political-pressure groups in Argentina include: the Argentine Association of Pharmaceutical Labs (CILFA); the Argentine Industrial Union (manufacturers' association); Argentine Rural Society and CARBAP (landowners' associations); the Armed Forces; the General Confederation of Labor or CGT (Peronist-leaning umbrella labor organization); the Roman Catholic Church; students. Politics of Argentina The politics of Argentina take place in the framework of what the Constitution defines as