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=== Independence === | === Independence === | ||
Argentina declared independence from [[Kingdom of Spain (1813–1874)|Spain]] in 1821. It took a large loan from the [[United Kingdom of Great Britain and Ireland|British]] in 1824 and intended to use it to build infrastructure but spent most of it on a war with [[Empire of Brazil (1822–1889)|Brazil]] instead. The British seized two frigates from Argentina after they defaulted on their loan. Argentina finally finished repaying the loan in 1904.<ref name=":0">{{Web citation|author=Esteban Almiron|newspaper=[[Multipolarista]]|title=How Argentina has been trapped in neocolonial debt for 200 years: An economic history|date=2022-12-18|url=https://multipolarista.com/2022/12/18/argentina-neocolonial-debt-history/|archive-url=https://web.archive.org/web/20221219193206/https://multipolarista.com/2022/12/18/argentina-neocolonial-debt-history/|archive-date=2022-12-19|retrieved=2022-12-20}}</ref> During the early 20th century, the [[ruling class]] held its wealth in European [[Bank|banks]] and favored European currencies over the Argentine peso.<ref name=":1">{{Citation|author=[[Vijay Prashad]]|year=2008|title=The Darker Nations: A People's History of the Third World|chapter=Buenos Aires|page=62–63|pdf=https://cloudflare-ipfs.com/ipfs/bafykbzaceascnzh26r5d6uitjjs2z7rflhaxlt7rboz5whzdf76qg6xxvecqq?filename=%28A%20New%20Press%20People%27s%20history%29%20Vijay%20Prashad%20-%20The%20darker%20nations_%20a%20people%27s%20history%20of%20the%20third%20world-The%20New%20Press%20%282008%29.pdf|publisher=The New Press|isbn=9781595583420|lg=https://libgen.rs/book/index.php?md5=9B40B96E830128A7FE0E0E887C06829F}}</ref> | Argentina declared independence from [[Kingdom of Spain (1813–1874)|Spain]] in 1821. It took a large loan from the [[United Kingdom of Great Britain and Ireland|British]] in 1824 and intended to use it to build infrastructure but spent most of it on a war with [[Empire of Brazil (1822–1889)|Brazil]] instead. The British seized two frigates from Argentina after they defaulted on their loan. Argentina finally finished repaying the loan in 1904.<ref name=":0">{{Web citation|author=Esteban Almiron|newspaper=[[Multipolarista]]|title=How Argentina has been trapped in neocolonial debt for 200 years: An economic history|date=2022-12-18|url=https://multipolarista.com/2022/12/18/argentina-neocolonial-debt-history/|archive-url=https://web.archive.org/web/20221219193206/https://multipolarista.com/2022/12/18/argentina-neocolonial-debt-history/|archive-date=2022-12-19|retrieved=2022-12-20}}</ref> During the early 20th century, the [[ruling class]] held its wealth in European [[Bank|banks]] and favored European currencies over the Argentine peso.<ref name=":1">{{Citation|author=[[Vijay Prashad]]|year=2008|title=The Darker Nations: A People's History of the Third World|chapter=Buenos Aires|page=62–63|pdf=https://cloudflare-ipfs.com/ipfs/bafykbzaceascnzh26r5d6uitjjs2z7rflhaxlt7rboz5whzdf76qg6xxvecqq?filename=%28A%20New%20Press%20People%27s%20history%29%20Vijay%20Prashad%20-%20The%20darker%20nations_%20a%20people%27s%20history%20of%20the%20third%20world-The%20New%20Press%20%282008%29.pdf|publisher=The New Press|isbn=9781595583420|lg=https://libgen.rs/book/index.php?md5=9B40B96E830128A7FE0E0E887C06829F}}</ref> | ||