2001: La crisis argentina

In 2001, Argentina faced a severe economic crisis marked by high unemployment, soaring poverty, and political instability. The country had adopted a fixed exchange rate with the US dollar, which ultimately hurt its economy. When the government failed to address escalating debt, public protests erupted against austerity measures. This led to a series of changes in leadership, with multiple presidents resigning within weeks. The crisis culminated in the freezing of bank accounts, causing widespread financial panic. By the end of 2001, Argentina had defaulted on its debt, resulting in profound social and economic consequences for its citizens.