After years of turmoil, Argentina, formerly one of South America’s healthiest economies, collapsed after defaulting on its national debt of US$144-billion. The crisis brought down a number of interim Argentinean government leaders, created violent protests in the streets, which killed more than 30 people, and seriously devalued the Argentinean currency. This tragic case study of the breakdown of a national economy is the starting point for a study of many important global economic policies and systems.
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