Search

The author reflects on how President Juan Domingo Perón brought Argentina to economic ruin. Perón presented his people with a more than 6,000,000,000-peso five-year plan. Argentina's credit was exhausted by purchases of industrial equipment abroad. The Argentine Trade Promotion Institute, a government monopoly that paid farmers 200 pesos for a ton of wheat which is sold for 600 pesos was established by Peróon.