The stock market rallied 30% on Jan 29, 1991 on news that Domingo "Lightning" Ca vallo would become

Argentina's economy minister Argentina had linked the peso to gold from 1899 to 1929 and those three decades were the most successful decades in the hostry of the country That was the inspiratin behind the decision to link the peso to the dollar Ironically conertibility went into effect on April Fools Day 1991 Apparently, in the IMF, "absolutely nobody dreamed the system would last a decad e " A Brief History Between 1860 and 1930 Argentina was one of the 10 richest countries on the plane t and by 1913 per capita income was higher than that in France, Germany, Italy a nd Spain Wealth gradually dissipated with a miliatry coup in 1930, the great depression, and then the ascendaency of General Peron to President in 1946 There was another military coup in 1976 followed by the "Dirty War" where death squads executed thousands, and then a failed attempt to seize the Falkland Islan ds from the British in 1982 Real Capita GDP declined 2.6% on average annually from 1982 to 1990 2939 nebraska ave, santa monica 90404 8:30am to 5:30pm