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Argentina's Economic History: Why is Argentina still so poor?
This is Argentina, a country that in 1908, was the seventh richest country in the world that had just surpassed Canada, Denmark, and The Netherlands. It was an export superpower that helped feed the majority of the European population, it had a stable and modern political system, and it had a well-developed education system that once had the highest literacy rate in the entire Latin America.
This beautiful and historic country of Argentina is one the best study case of what can go wrong within an economy, because everything that can go wrong, did go wrong. Throughout its history, Argentina has defaulted on its debts a total of nine times, and it seems like it’s only a matter of time before another one happens. Inflation right now is at 211%, and 40.1% of the people who live below the poverty line have been unable to afford basic necessities like food, fuel, and medicine.
So, how did Argentina become one of the richest countries in the world? And what mistakes do the country make to become the mess that it is today? In this video, we’re going to review the entire history of Argentina’s economy and the root cause of its economic problems. This is the economy of Argentina.
Sources:
latinaer.springeropen.com/articles/10.1186/s40503-019-0076-2 The rise and fall of Argentina and the impact of Institutional breakdowns
manifold.bfi.uchicago.edu/read/case-of-argentina/section/9905ef24-8c94-42ad-adf7-068efb4d9afb The case of Argentina
www.reuters.com/markets/argentinas-400-bln-debt-bomb-threatens-default-number-10-2023-12-13/ $400 billion debt bomb
www.econstor.eu/bitstream/10419/238412/1/787.pdf A brief history of hyperinflation in Argentina
oxfordre.com/latinamericanhistory/display/10.1093/acrefore/9780199366439.001.0001/acrefore-9780199366439-e-357 Commodities and Consumption in “Golden Age” Argentina
www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500002 The economic consequence of Argentine independence
zaguan.unizar.es/record/84206/files/texto_completo.pdf How Argentina became a super‑exporter of agricultural and food products during the First Globalisation (1880-1929)
www.semanticscholar.org/paper/Perils-of-a-Fixed-Exchange-Rate%3A-The-Collapse-of-Manning/3cc911ad673d797e7fd3f56d2003f532d450fa7e Perils of a fixed exchange rate
0:00 - Intro
1:52 - Argentina Under Colonial Rule
6:02 - Post-Independence Economic Transition
7:25 - The Rise of a Modern Nation
11:54 - World War 1 & A Slow Decline
14:58 - The Great Depression
20:06 - Argentina's Chronic Problem: Overspending
22:20 - The Rise of Inflation and Stagnation
24:40 - Back to the Free Market & Hyperinflation
29:18 - Fixed Exchange Rate Regime
32:20 - The Present Moment
Music by Epidemic Sound
Stock Footage by Storyblocks
#Argentina #Economy #Doverhill
about economics explained, about Finance and how money works, on Argentina's economic crisis, how it became so rich and how it is mared by hyperinflation and recessions today, This is an economics/finance video
มุมมอง: 1 738

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ความคิดเห็น

  • @delawrenceblue6936
    @delawrenceblue6936 4 วันที่ผ่านมา

    Nice documentary 👌

  • @Kathy-e1w
    @Kathy-e1w 5 วันที่ผ่านมา

    How will this work with the future cashless society or digital currency . . . . . I think I'll just do my clothes in a regular wash machine with no money left in the pockets . . . . . . 😮

  • @Kathy-e1w
    @Kathy-e1w 5 วันที่ผ่านมา

    I miss the part on what kind of detergent , I assume perfume and dye free to start and then . . . . . . I missed something . . . . . ?

  • @SuperGlotta
    @SuperGlotta 5 วันที่ผ่านมา

    Another bullshit the most richer country of the world… common stop you ignorance n please search before you talk shit !

  • @TERRY-n6e
    @TERRY-n6e 5 วันที่ผ่านมา

    This guy must work for the Biden family

  • @danielkhong1980
    @danielkhong1980 7 วันที่ผ่านมา

    Thank for for teaching us how to launder money 🤔

  • @ronoftroy
    @ronoftroy 10 วันที่ผ่านมา

    Lol - I just interpret this as "All methods of laundering have been covered/attempted. Don't try it!" ;)

  • @humble_integrity
    @humble_integrity 19 วันที่ผ่านมา

    japan is not rich, they have the biggest debt in the world. japan relied heavily on the us and the korean war to get back on their feet. vietnam was much more resilient didn't rely on the us at all.

  • @zaharizahariev
    @zaharizahariev 20 วันที่ผ่านมา

    The bureaucracy took over and the parasites multiplied exponentially. The same thing is happening real time in the EU and the American empire.

  • @francescosilverio7343
    @francescosilverio7343 21 วันที่ผ่านมา

    Sejam bem vindos ao Brasil 🇧🇷🌅🇧🇷☀️🇧🇷

  • @Nerinav1985
    @Nerinav1985 22 วันที่ผ่านมา

    Greed is the Black hole of capitalism. One day it will devour itself. No need of Marxist revolutions. The system will implode itself.

  • @Mintzz1690
    @Mintzz1690 22 วันที่ผ่านมา

    Thatcher was responsible to a great extent for the demise of shipbuilding on the Clyde, especially the lower Clyde.

  • @zell863
    @zell863 24 วันที่ผ่านมา

    The problem is this. It is not that everyone can build everything and make profit. I can start building rockets to the moon in my back yard with next door friends. And we will be capable of living from our saving for a while. But who will pay for our rockets, who will buy them and the saving is gone. Socialism work till run out of someone else money.

  • @zell863
    @zell863 24 วันที่ผ่านมา

    In former Yugoslavia was say they cannot pay me so low how little I can work.

  • @zell863
    @zell863 24 วันที่ผ่านมา

    Run out of someone else's money. In my city where before 2ww no one had a car they started building military airplanes. It all fell down. It was a fantasy economy.

  • @stephencollins1568
    @stephencollins1568 25 วันที่ผ่านมา

    I see that AUSTRACK have requested that the Federal Misgovernment crack down on organised crime's "money-laundering" activities in Australia. They should start with the $6 Million+ dollars which the A.L.P. was gifted by the O.M.C.G. Union for laundering. What is the origin of this cash and what was the "quid-pro-quo' given in exchange for its donation? The A.L.P. is good at cracking down on such heinous crimes as "mis-gendering" or alleged use of improper pronouns, but not so much on REAL crime. They award tens of millions to terrorists, but not a cent to the victims of terrorism.

  • @enricoyasin8564
    @enricoyasin8564 25 วันที่ผ่านมา

    Where are you from? Shoutout from Indonesia 🇮🇩🇮🇩🇮🇩

  • @shanetan9986
    @shanetan9986 26 วันที่ผ่านมา

    yea i keep seeing the retirement manager ad 😅

  • @Commissar_4735
    @Commissar_4735 26 วันที่ผ่านมา

    so by your logic capitalism is when i give a bag of rice and you give me a banana , then we can say that the roman empire and medieval europe was capitalist , the soviet union had farmers market and black market especially in georgia and the baltics , maoist china did have a large sector of small buissnes , the question is , can you own a factory in north korea? NO , can farmers sell land in north korea ? NO , so the means of production are not privately owned , so this video is a waste of time and effort, you don't even know what capitalism is

  • @johnd.5601
    @johnd.5601 27 วันที่ผ่านมา

    I want to move out of America! This country is cheating Americans out of everything! We don't have a boom bust cycle. We have rotten politicians and a bust bust bust bust tiny crackle bust bust bust bust bust bust bust bust slightly less bust bust bust bust bust bust bust bust bust bust bust bust bust bust bust bust bust bust bust bust bust. Then the American government taxes us straight into poverty steals our homes and gives us late fees and fines for not having the money they stole from us. On top of all that we have to work 2 job so the illegal immigrants have an easy life and then the politicians shame them into voting for the democrats! They steal our retirement and destroy our families. Then these scumbag politicians wonder why most Americans don't want to vote. They have tons of Phds' coming up with all these BS ideas! The reason is because Americans are over worked and don't have time to breath! Nobody knows what's going on or when to vote or who to vote for because this government created the most hostile living conditions possible! Then there's always some late fee lurking around the corner or toll booth. There always bureaucrat lurking around the corner to hit you with some double talk and some shaming and more taxes and license fees or renewal fee or anything these rotten scumbags can come up with! This government undervalues all Americans and steals all the profits from our highly profitable companies! Good job on your video. Thank you for sharing.

  • @netizencapet
    @netizencapet 28 วันที่ผ่านมา

    Unlike the US, Norway is a democracy...hence its natural resources are used for public benefit. Perversely, all US oil cos except a small one in Alaska are private & subsidized rather than taxed.

  • @JosephArmbrister
    @JosephArmbrister หลายเดือนก่อน

    Interested information

  • @genseek00
    @genseek00 หลายเดือนก่อน

    Thanks for the video. Just want to get something off my chest. I was infatuated with Japan (especially, Japanese engineering) and enchanted by Japan before I joined a Japanese company and observed their ways of working along with the behaviour on the workfloor. All-piercing bullying, wide-spread sucking up to higher-up, pretending to work and making long hours of this pretend game and a complete discouragement from showing any initiative (thus, absence of any initiative as a result) -- is just a tip of the iceberg. Observed many Europeans and Americans joining the branches of this company in their corresponding countries, full of energy and motivation only to get crashed by the Japanese management style within a year or two. It was painful to watch people initially eager to do their best turning into demotivated cynics.

  • @Layla_r0se
    @Layla_r0se หลายเดือนก่อน

    Rasa senang ke hidup selepas saman itu dan ini.

  • @justiniani3585
    @justiniani3585 หลายเดือนก่อน

    Can you provide a source for the numbers in the beginning? I want to use them for a video of my own

  • @dumengyue2401
    @dumengyue2401 หลายเดือนก่อน

    great video, summarize everything easily and get my mind clear, thx!!!

  • @johnyalowica8423
    @johnyalowica8423 หลายเดือนก่อน

    Yeah ! Purely..😅

  • @imranmoonis
    @imranmoonis หลายเดือนก่อน

    With a voiceover like that, this guy is totally legit 👍

  • @Riad-z9k
    @Riad-z9k หลายเดือนก่อน

    Yet, still, people mistake socialism and communism !

  • @chriscich
    @chriscich หลายเดือนก่อน

    It succeeded because it was corrupt. It also failed because it was corrupt.

  • @astralclub5964
    @astralclub5964 หลายเดือนก่อน

    The GDP numbers were lies! Just like China lies. Do your research and you’ll discover the truth. Never believe Communist propaganda.

  • @jayfreechavez0000
    @jayfreechavez0000 หลายเดือนก่อน

    😢

  • @dholakpurkirakhi434
    @dholakpurkirakhi434 หลายเดือนก่อน

    Adani Shaligram private city enter the chat 🇮🇳🗿

  • @gilberttello08
    @gilberttello08 หลายเดือนก่อน

    👍👍

  • @ConnorKD1876
    @ConnorKD1876 หลายเดือนก่อน

    i could point out a few mistakes but overall this vid good stuff!

  • @Necoine
    @Necoine หลายเดือนก่อน

  • @kqual4614
    @kqual4614 หลายเดือนก่อน

    Nice try feds

  • @visho8979
    @visho8979 หลายเดือนก่อน

    The truly genius ways will never be known

  • @MaxesZee
    @MaxesZee หลายเดือนก่อน

    Indo anjengg wkwkw

  • @KieranKelly-o9s
    @KieranKelly-o9s หลายเดือนก่อน

    You really don't know you are talking about

  • @cemaslan7225
    @cemaslan7225 หลายเดือนก่อน

    Soon China will break Taiwan’s monopoly on microchips as well

  • @JaronPope
    @JaronPope หลายเดือนก่อน

    All American Democrats need to watch this

  • @danielpaschjr3547
    @danielpaschjr3547 หลายเดือนก่อน

    All the USSR had to export was oil and weapons. They had to import more food than they could grow. By the way, the Russian Empire were actually net exporters of grain and dairy, something the Soviets never came close to realizing. The U.S. bailed them out of famines multiple times, also providing them with alot of food during WWII.

  • @danielpaschjr3547
    @danielpaschjr3547 หลายเดือนก่อน

    How is the Soviet economy better than America's? They couldn't produce consumer goods and they could never get the food situation on track.

  • @fahey5719
    @fahey5719 หลายเดือนก่อน

    Yet China using orthodox style Planned Economy is RULING the World. Explain that.

  • @GeraldOng
    @GeraldOng หลายเดือนก่อน

    0:00 Imagine you have tens of millions of dollars Me: okay bye! Cause I can’t imagine so much money 😮

  • @peterponcedeleon3368
    @peterponcedeleon3368 หลายเดือนก่อน

    There was very little success in the Soviet Union. Yes, at first win the Soviets began implementing their central planning. It sounded great, and people were enthused. But the country soon found out that things were not working as promised and subsequently things got worse. Just like all central planning, socialism, or communism or fascism. Let capitalism reign supreme.

  • @amylawsongill
    @amylawsongill 2 หลายเดือนก่อน

    I have hard evidence that trusts are being used for #moneylaundering. I was denied my husband's #lifeinsurance of £450,000 by a #financialadvisor #nicolawest a sole #director of her own company #westwealthmanagement. She administered my husband's #lifeinsurance with #aviva and they produced a #deathclaim #settlement which authorised that the money would be paid to me in a specific named #barclays #bankaccout. When I investigated the data after I had been informed that I was denied the money, I found that #aviva #laurynwoods in #complaints admitted that my authorised instruction meant nothing to @aviva who disregarded it (this is on record mp3 in my possession). Aviva confirmed that the advisor who intercepted the payment by verbal instruction sent the payment elsewhere with intent (also on record) that she needed to breach a trust deed and also breach the instruction of the deceased of what should happen to the money. The money was laundered by #nicolawest to fulfil her legitimate aim which was to reallocate the life protection funds away from me having control. In an internal document she admits reassigning control over to my son Harrison Lawson-Gill to control life insurance that he had never contributed to, never had any involvement in his mother's or fathers (genetically his mum and dad and no blended family involved) financial affairs. He had a care plan with the local authority for 10 years that documented that he could not make Decisions for himself as he was inclined to get himself into trouble, these are county council documents yet Nicola West put him in control and there is a reason for that beyond her being conflicted to favour him as she was a single parent and he had a tendency to like mature women. Beyond that a trust can be used to lock away funds rendered a sham by dissing the discretionary trust and instead draining it and doing another laundering act moving the money to a product called a trust. This would secure Nicola £25,000 pet year in commission and she has ready done that over 3 years returning £75,000 by denying a #widow and 3 children any #lifeprotection funds and left them without. The son #HarrisonLawson-Gill can #Financialabuse and #economicabuse his mother and siblings by being inserted into the affairs of his mother by Nicola West So trusts are causing #financialabuse He became a #rogue #trustee by not being instructed by the #deceased and #settlor by way of #fraud #embezzlement and #misappropriation The eldest son is #disabled #autistic and has no #lifeinsurance protection by this #moneylaundering #technique by father and daughter #duo team at #westwealthmanagement supported by #aviva and #stjamesplace The money has been reallocated to #charleslawson-gill and #HarrisonLawson-Gill by fraud conducted by #fca advisor #nikkiwest with #chartership by the #insuranceinstitute or #CharteredInsuranceInstitute #cii This has all been done hiding the money from #hmrc to dodge #regulation because they are responsible for regulating #moneylaundering See here for more details www.gov.uk/guidance/money-laundering-regulations-trust-or-company-service-provider-registration This is a perfect way to conduct #fraud by creating #covert #trusts breaching #cobs 16.6.2 and #Utccr1999 section 5 and manipulating policies but not updating contracts which continue to protect the #spouse then manipulated the administration to deny the #wife any money. The outcomenis that #charleslawson-gill and #HarrisonLawson-Gill have all of the money by #fraud by #nicolawest and have colluded to deny their mother and 3 brothers any life protection and have become estranged from the family. Nicola has thus far achieved £25,000 per year at £75,000 soon to be £100,000 from this #internalfraud which is #bigbusiness Well done for the #cartel between #aviva #StJamesPlace and #westwealthmanagement and #metrobank They don't want the public to know about this fraud and are even hiding it from #hmrc

  • @janrabie1890
    @janrabie1890 2 หลายเดือนก่อน

    Communism = mankind's worst blunder

  • @jaykassing4908
    @jaykassing4908 2 หลายเดือนก่อน

    such a bullshit, it was not great economy at all, i lived during those times! even now our country is still poor, cccp got weapons ONLY! not good economy... just poor citizens and strong army... north Korea style