Argentina's Economy: Checkpoint 1

Quick checkpoint - five questions on Argentina's golden age, Peronism, inflation, convertibility and the corralito.

Quick checkpoint - five questions on Argentina’s golden age, Peronism, inflation, convertibility and the corralito.

Question 1 of 5 What made Argentina rich around 1900?

Beef and grain exports from the Pampas Oil exports Tech industry Tourism

Refrigerated ships enabled beef exports.

Question 2 of 5 What did Perón's policies do to farmers?

Squeezed them to fund industry and wages Gave them large subsidies Nothing Banned farming

A state board bought exports cheaply.

Question 3 of 5 What drives Argentina's chronic inflation?

Deficits financed by printing money Low government spending Too many exports A strong peso

This is fiscal dominance.

Question 4 of 5 What did the 1991 Convertibility Plan do?

Fixed one peso to one dollar Abolished the peso Adopted the euro Banned dollars

It ended hyperinflation but later became a trap.

Question 5 of 5 What was the corralito?

A freeze on bank withdrawals in 2001 A new currency A farm programme A trade deal

It was followed by default and devaluation.

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