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.
Footballer of the Year of Argentina Footballer of the Year of Argentina The Footballer of the Year of Argentina (in Spanish: "Olimpia de Plata al Mejor Futbolista", that literally translates to "Silver Olimpia to the Best Footballer) is a yearly award given by the Argentine Sports Journalists' Circle ("Círculo de Periodistas Deportivos de la República Argentina") as one of the Olimpia Awards, the most important sports award in Argentina. The "Olimpia" is awarded in the sport of association football (a.k.a. soccer), and, since 2008, is shared by the best player of the local league (who wins the "Olimpia de Plata al Fútbol Local") and the best