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After Exile

by on November 29, 2011

General Eduardo Lonardi was initially the man to guide Argentina through this de-Peronization period, by ultimately was replaced by General Pedro Aramburu who was more drastic in his anti-Peron measures.  We was in transitional power until the elections of 1958, but in this period he restored the constitution of 1853, gave back “La Prensa”, made the central bank autonomous, and made the Peronista party illegal. (Crow 1992 (1946), p. 846)

Arturo Frondizi who allegedly followed orders from Peron in Madrid was elected president.  However, he did not hold up his end of the bargain to continue Peronism.  Eventually, inflation was out of control with the peso at an exchange rate of five pesos to one American dollar and prices had increase by 114%.  (Crow 1992 (1946), p. 846)

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