Economic history of Argentina assumed power, inflation was equivalent to an annual rate of 5000%, and output had declined sharply. In 1976, the era of import substitution was ended, and the government lowered import barriers, liberalized restrictions on foreign borrowing, and supported the peso against foreign currencies. That exposed the fact that domestic firms could not compete with foreign imports because of the overvalued currency and long-term structural problems. A financial reform was implemented that aimed both to liberalize capital markets and to link Argentina more effectively with the world capital market. After the relatively stable years of 1976 to 1978, fiscal deficits started
History of the Jews in Argentina History of the Jews in Argentina The history of the Jews in Argentina goes back to the early sixteenth centuries, following the Jewish expulsion from Spain. Sephardi Jews fleeing persecution immigrated with explorers and colonists to settle in what is now Argentina. In addition, many of the Portuguese traders in the Viceroyalty of the Río de la Plata were Jewish. An organized Jewish community, however, did not develop until after Argentina gained independence from Spain in 1816. By mid-century, Jews from France and other parts of Western Europe, fleeing the social and economic disruptions of revolutions, began to settle in