Late 19th c Argentina was an economy run on ranching, and 90% of its beef export went to the British empire. When for whatever reason* the British halted import of argentine beef, this, combined with the great depression and lack of investor capital, doomed the Argentinians. Come the late 194…
Late 19th c Argentina was an economy run on ranching, and 90% of its beef export went to the British empire. When for whatever reason* the British halted import of argentine beef, this, combined with the great depression and lack of investor capital, doomed the Argentinians. Come the late 1940s and the way out is barred, since the world's economic powerhouse, the master of the western hemisphere, is looking at revitalising Europe. Where they went from there, be it left or right, probably didn't matter. The damage to Argentina was done.
* (post great war imperial economic reorientation hit Europe quite hard. British debt was enormous and only in 80s did they return to pre great war debt levels)
The theory I heard was basically what follows.
Late 19th c Argentina was an economy run on ranching, and 90% of its beef export went to the British empire. When for whatever reason* the British halted import of argentine beef, this, combined with the great depression and lack of investor capital, doomed the Argentinians. Come the late 1940s and the way out is barred, since the world's economic powerhouse, the master of the western hemisphere, is looking at revitalising Europe. Where they went from there, be it left or right, probably didn't matter. The damage to Argentina was done.
* (post great war imperial economic reorientation hit Europe quite hard. British debt was enormous and only in 80s did they return to pre great war debt levels)