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.
History of Argentina occult interests, including astrology, and a supporter of dissident Catholic groups. Economic policies were directed at restructuring wages and currency devaluations in order to attract foreign investment capital to Argentina. López Rega was ousted as Isabel de Perón's adviser in June 1975; General Numa Laplane, the commander in chief of the army who had supported the administration through the Lopez Rega period, was replaced by General Jorge Rafael Videla in August 1975. Montoneros, led by Mario Firmenich, cautiously decided to go underground after Peron's death. Isabel Perón was removed from office by the military coup on March 24, 1976. This