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by mrleinad 5473 days ago
"Argentina increased in prosperity and prominence between 1880 and 1929 and emerged as one of the ten richest countries in the world, benefiting from an agricultural export-led economy as well as British and French investment. Driven by immigration and decreasing mortality the Argentine population grew fivefold and the economy 15-fold."

Sure, if you consider the top upper class as the whole country. The people never saw that kind of wealth and prosperity in those days. Field workers lived in the most absolute poverty while the owners of those fields lived in luxury and traveling abroad for vacations. North of Argentina still remains one of the poorest regions in Latin America, as it was those days. Sure, we were exporting goods everywhere. Not much was being invested on improving the well being of workers everywhere. At least, not until Peron grew to power.

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Wealth was more unequally distributed back then in all the rich countries, at least compared to say the 1970s which were the recent equality peak. The US had Getty and Rockerfeller and JP Morgan and also mass poverty, look at the Great Depression. Was Argentina that different back then?