Abstract

After the end of the civil wars and the national reunification, a period of intense growth began in Argentina which extended until 1913.The exports of primary produce, the influx of foreign capital, and the massive arrival of immigrants seem to have been crucial factors in this growth. However, after the First World War, the influx of capitals and the arrival of immigrants ceased. Argentinean economy entered then a new phase with a much lower growth rate:an annual 1.6%, compared to the 3.7% recorded during the “Belle Epoque” phase. This spectacular latter rate would never be recorded again in Argentinean economic history.

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