Travel Reference
In-Depth Information
ried middle class had to pay more for consumer items. As a populist,
Perón froze prices of basic items of popular consumption, such as
bread and beef, which won him the gratitude of urban workers but dis-
couraged the landowners from planting more wheat and raising more
livestock. Inflation became endemic as economic ministers floundered
in search of the least objectionable policy to correct the problem. To
hold the value of the peso meant that urban consumers could still
buy imported goods and domestic products at reasonable prices, but
Argentine exports eventually became overpriced, and foreign con-
sumers switched over to Australian wheat and American beef. If the
