June 26, 2006 (Press Release) --
Pre-Columbian Argentina was farmed by sedentary Indian groups such as the Diaguita and used as a hunting ground by nomads. Indian resistance inhibited Spanish incursions and discouraged Spanish settlement. Buenos Aires was not successfully established until 1580, and remained a backwater for 200 years. A declining and unevenly distributed Indian population, which could not be milked for its labor, led to the creation of huge cattle ranches, known as haciendas - the genesis of the legendary gaucho (cowboy) and the source of great wealth for a lucky few.
Buenos Aires became the capital of the new Viceroyalty of the Río de la Plata in 1776, acknowledgment that the region had outgrown Spain's political and economic domination. However, continuing dissatisfaction with Spanish interference led to the revolution of 25 May 1810 and eventual independence in 1816. Independence revealed the seething regional disparities which Spanish rule had obscured. The Federalists of the interior (conservative landowners, supported by the gauchos and rural working class) advocated provincial autonomy, while the Unitarists of Buenos Aires (cosmopolitan city dwellers who welcomed the injection of European capital, immigrants and ideas) upheld Buenos Aires' central authority. After a disastrous and tyrannical period of rule by the nominally Federalist Juan Manuel Rosas, Buenos Aires and Unitarism prevailed, ushering in a new era of growth and prosperity with the Unitarist constitution of 1853.
Sheep were introduced and the Pampas was given over to the cultivation of cereal crops. European immigration, foreign investment and trade were hallmarks of the new liberalism. However, excessive foreign interests made the economy particularly vulnerable to world economic downturns; wealth was concentrated in the hands of the very few, and unemployment rose as smallholdings failed and farmers were forced to leave the land and head for the cities.
Source: http://www.yahoo.com
Buenos Aires became the capital of the new Viceroyalty of the Río de la Plata in 1776, acknowledgment that the region had outgrown Spain's political and economic domination. However, continuing dissatisfaction with Spanish interference led to the revolution of 25 May 1810 and eventual independence in 1816. Independence revealed the seething regional disparities which Spanish rule had obscured. The Federalists of the interior (conservative landowners, supported by the gauchos and rural working class) advocated provincial autonomy, while the Unitarists of Buenos Aires (cosmopolitan city dwellers who welcomed the injection of European capital, immigrants and ideas) upheld Buenos Aires' central authority. After a disastrous and tyrannical period of rule by the nominally Federalist Juan Manuel Rosas, Buenos Aires and Unitarism prevailed, ushering in a new era of growth and prosperity with the Unitarist constitution of 1853.
Sheep were introduced and the Pampas was given over to the cultivation of cereal crops. European immigration, foreign investment and trade were hallmarks of the new liberalism. However, excessive foreign interests made the economy particularly vulnerable to world economic downturns; wealth was concentrated in the hands of the very few, and unemployment rose as smallholdings failed and farmers were forced to leave the land and head for the cities.
Source: http://www.yahoo.com

Pre-Columbian Argentina was farmed by sedentary Indian groups such as the Diaguita and used as a hunting ground by nomads. Indian resistance inhibited Spanish incursions and discouraged Spanish settle
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