In two years, he almost doubled the wages of industrial workers, and gave them free healthcare and social security.
Four years later, Evita was dead and 60-year-old Perón's new 14-year-old girlfriend was living with him in the presidential palace. The vicious cycle of inflation was swirling like a tornado and nobody was game to slam on the brakes.Argentines are sometimes the richest people in South America. Sometimes, half the population slides under the poverty line.Wool was a lucrative commodity in the 1950s.
US dollars flooded into Australia, making everyone very rich and happy, but this made the cost of living go up by 25 per cent in a year.He raised income taxes by a third, making himself very unpopular, and Australians very angry. In 2020, the COVID pandemic hit, and Argentina's poor economic performance turned into a catastrophe.
Some, like far-right presidential candidate Javier Milei, argue Argentina should shut down its Central Bank.