Why Argentina Collapsed 7 Times? PM Modi’s Visit Revives The Story Of A Fallen Nation That Was Richer Than Europe | World News

New Delhi: The visit of Prime Minister Narendra Modi turned his global eyes to Argentina. But behind the official handshake, there is a story of a century -old economic rise, political turmoil and the recovery of dreams. A hundred years ago, Argentina stood shoulder to shoulder with the United States. Rich, rich in resource, and rapidly industrialization seemed to be a future superpower in production.

Today, inflation is struggling with an obsession of football that overshads more deeper crises. A nation went bankrupt seven times in a century full of promises?

Pampas that feed a continent

Argentina’s flat and fertile pastures – Pampas – once built the world’s food basket. When World War I stopped European farming, Argentina came in. He flowed from wheat, meat and wool ports. Money spilled.

President Milei and I discussed trade ties, cooperation in agriculture, defense, security, energy and more. There is also a tremendous scope in areas such as pharmaceuticals and sports.@Jmilei pic.twitter.com/8jfadzmbcb– Narendra Modi (@narendramodi) July 5, 2025

European companies came, built railways, roads and ports. Buenos Aires, Rosario and Córdoba developed. The immigrants came to the waves. By the 1920s, economists said that Argentina could one day rival America.

Then autumn came

In 1925, Argentina matched GDP, Canada, the United Kingdom and Italy. But after four years, everything changed. The Great Depression hit the United States. The demand collapsed. Orders dried. Argentina exports sunk. Farmers lost income. Unemployment has spread. Public anger rose.

The perfect meeting with Argentina President Javier Milei. 5 years after we raised our relationship with 75 years of India-Argentina diplomatic relations and a strategic partnership. We have prepared an important ground in our bilateral relations, but… pic.twitter.com/3fg6oju4zd– Narendra Modi (@narendramodi) July 5, 2025

General Jose Felix Uriburu saw an opportunity. In 1930, President Hypolito overthrew Yrigoyen and led a bloodless coup. However, the economy did not heal.

New elections were held in 1931. A new government has arrived. Nevertheless, it was damaged.

From 1930 to 1980, Argentina saw six military coup. Continuous instability scared investors. The industry stopped. Growth froze.

Insulation by design

In 1943, another coup brought the army to power. In 1944 they founded Edelmiro Farrell as president, but the real power was based on General Juan Perón. His idea – closed the economy to protect local industries. Import was taxed. Foreign trade has been restricted.

Initially, the strategy worked. Factories ran. The wages rose. People felt hopeful.

He respected General José de San Martín in Buenos Aires. His courage and leadership played a very important role in the history of Argentina. His life continues to be the symbol of patriotism and determination for the Argentine people. pic.twitter.com/zitgl5tixt– Narendra Modi (@narendramodi) July 5, 2025

However, foreign investment escaped. Import dry. Inflation came in. The economy began to crack.

Peron answered with censorship. Then he clashed with the church. Laws passed to weaken its influence. In Catholic Argentina, this reacted to a national reaction.

Press press problem

The army initially supported Peron, but the cracks expanded. In 1955 they lifted him. The following was a chaotic political mixed – no more impact, no more choice and stability.

In the 1970s, new governments tried to remove wages, start social programs and pay debt. However, income did not match with expenditures. They printed money to compensate for the gap. Many.

Mahatma Gandhi in Buenos Aires. Timeless vision and noble ideals will always guide humanity. All over the world, Bapu echoed thoughts. They strengthen millions and give hope. Inspired by him, fair and… pic.twitter.com/hhnkbmkp5l– Narendra Modi (@narendramodi) July 5, 2025

In 1989, inflation was out of control. Prices have doubled. Then he went down again. Hypenflation reached 3,000%. Grocery costs have changed day by day. People moved bags to buy bread. The Argentine pesh has become worthless.

Backfire gambling

In 1991, President Carlos Menem took a brave step. He fixed the pesoy to the US dollar. A pzo was equal to a dollar. One night, the currency strengthened. However, export was expensive. Foreign goods were flooded. The Argentineans preferred imports. Local factories collapsed. Things disappeared.

By 2001, the country was out of dollar. The economy is broken. Peso fell. The rebellions broke out. Banks were storm. Argentina fell into default.

Beautiful game, ugly attention distributor

Football was never a sport in Argentina. Political fuel. Peron used. So is every government that follows.

In 1978, Argentina hosted and won the FIFA World Cup. The nation cheered. The streets are full of joy. But behind the celebration, a military dictatorship was tortured and silenced. Human rights were violated. The economy was bleeding. Nobody looked.

This World Cup is about $ 700 million in today’s money. The government, which has already already spent on propaganda and attention.

He respected the Gurudev Tagore in Buenos Aires. Gurudev Tagore visited Argentina in 1924 and had a permanent impression in the minds of many people, especially academics and students in this country.

We are very proud of the contributions of Gurudev Tagore in India… pic.twitter.com/7grkcz7raw– Narendra Modi (@narendramodi) July 5, 2025

The leaders have repeatedly returned to football to gain love. Stadiums were built. Tournaments were hyper.

In the meantime, corruption scandals grew. Unemployment rose. The necessary reforms were shelved. Football entertained people. Politics continued to collapse.

Even now, the game continues to be a national passion and a powerful tool to draw attention from broken systems.

What does Argentina teach the world

Argentina was rich in every way – land, animal husbandry, minerals and manpower. But bad decisions, fragile institutions and short -term policy withdrew it back.

My visit to Argentina was a productive visit. I am sure that our discussions will give a significant momentum to our dual friendship and fulfill the strong potential that exists. I would like to thank President Milei, the government and the people of Argentina for their temperature. pic.twitter.com/jvtcxv5gst– Narendra Modi (@narendramodi) July 5, 2025

Inflation continues. Corruption continues in depth. Military memories are still echoing. And football still takes the stage when you need to have budgets.

What happened in Argentina was not fate. It was a result of the elections. One after another. Decades.

Today, both a stimulating fairy tale and the power is abused, even the most powerful nations can stumble and replace distracting elements.