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Wednesday, April 28, 2004

Argentina, The crisis of 1890

The economic expansion led ultimately to inflation, the issuance of too much paper currency, and the onset of a financial crisis. A political crisis also followed. The government of Roca's successor, Miguel Juárez Celman (1886–90), had avoided launching an unpopular anti-inflationary program, but this inaction sparked criticism both within and outside the official party

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