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# Argentina in the 1940s: A Study of Economy and Politics ## Situation of the Industry - The industry in Argentina was booming due to the lack of imported goods and the devaluation of the Argentinian currency. - The industry was significantly more profitable than agriculture and animal husbandry...

# Argentina in the 1940s: A Study of Economy and Politics ## Situation of the Industry - The industry in Argentina was booming due to the lack of imported goods and the devaluation of the Argentinian currency. - The industry was significantly more profitable than agriculture and animal husbandry. - The majority of industries were located in the capital and surrounding areas due to the availability of services and lower production costs. - The urban area was balanced, with land prices in the outskirts of Buenos Aires lower than those in the capital. ## Social Justice Problems - There was a significant disparity in the distribution of wealth, requiring a redistribution of wealth and opportunities to address the social injustices. - Peron thought that this was crucial to achieve social justice. ## Military Coup 1943 - President Pedro Ramires was overthrown during a military coup in reaction to his lack of neutral action during WWII. - General Farrel becomes president. - Peron, a Colonel in the army, rises in power due to his participation in the military coup. - He is appointed secretary of labor. ## Peron's Labor Reforms - The rights of workers were granted through the new legislation that offered vacation pay, unemployment compensation, pensions, and the creation of a workers' union for agricultural workers. - The government also implemented policies aimed at improving working conditions, health, and wellbeing, education, and economic growth for workers. - Peron gained immense popularity due to his labor reforms. ## Keynesian Economic Model - The keynesian economic model argues that the government needs to step in to provide a framework for social structures to maintain economic balance. - Peron's government sought to build those structures by improving relations with labor unions: - Negotiating collective bargaining agreements - Increase severance pay for dismissal - Including paid vacations in labor contracts - Expanding the retirement system - Peron assumed the role of Vice-President, Minister of War, and Secretary of Labor and Social Welfare. ## Political Opposition - Communist and socialist trade unions were skeptical of Peron's policies.