Europeans arrive in the region with the voyage of Amerigo Vespucci.
Argentina declares independence from Spain.
Late 19th Century
The introduction of modern agriculture techniques and the integration of Argentina into the world economy, as well as foreign investment and immigration, lead to an economic revolution in the country. Argentina becomes one of the world’s ten wealthiest nations.
Juan Peron wins the election for presidency. He pursues policies aimed at empowering the working class.
Peron is sent into exile after the military leads a coup against him. For almost the next two decades, military and civilian leaders trade power as the economy slows and domestic terrorism rises.
A military coup takes over the government. The resulting dictatorship saw basic order gradually restored, but at the cost of thousands of lives and brutal measures.
Argentine troops occupy the Falkland Islands, which are held by the British. Argentina claims that it has control over the islands. This leads to the Falklands War, which Britain wins in three months.
Democracy returns and the government is returned to civilian rule. Raul Alfonsin becomes president.
The government introduces Peso-Dollar parity (convertibility) to try to fight the country’s high inflation.
Argentina's economy, straddled with huge amounts of public debt, begins to fall following the Asian financial crisis. Much of the country's capital begins to leave, leading to a four year depression.
A general strike is organized over austerity proposals. The strike shutdowns much of the country and Argentina’s credit ratings fall. A financial panic ensues, pushing share prices to record lows
With the economy nearing a collapse, Eduardo Duhalde is named president. He quickly devalues the Peso, ending its parity with the United States Dollar. He also stops all banking and foreign exchange activity to try to stop the economy from crashing.
Argentina and the International Monetary Fund (IMF) agree to a deal that allows the country to only pay the interest on its loans.
Argentina's parliament passes a law that claims the Falkland Islands and a few other islands in the area. Britain maintains its claim to the islands.
Falkland Islanders vote in favor of remaining a British territory.