I admit to not being exactly an expert on south american history - but I cant think of 80 years where argentina could fit as this massively rich country...
At the time Europe was favoring the industry and USA (maybe at first? I´m sure it changed later and became as powerful as UK, especially after 1st World War), South America and of course Argentina favored farming industry. The amount of money from this was huge and allowed the country to grow like never before, it was our Golden Age (1900 - 1929) we even had the first subway in South America.
The problem was that the model was completely dependant on other nations, without industry you have to buy the stuff from someone else, we bought everything from the UK and later on USA*, when the prices for primary goods dropped, the UK couldn´t produce as much manufactured goods as we required and the great depression hit the US and then the rest of the world, it killed all that.
*but USA didn´t need to buy anything from us, creating a nice deficit on our part when UK was at war during the 1st and 2nd WWs.
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