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In the Spring of 2002, Argentina Was Forced to Devalue

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Essay

In the spring of 2002, Argentina was forced to devalue its peso and disband its currency board that was responsible for the fixed exchange rate between the peso and the U.S.dollar.Explain the origin of this crisis and the painful remedies that Argentina has had to endure.


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League Of Nations

An international organization founded in 1920 to promote peace and cooperation among countries, which was the precursor to the United Nations.

Woodrow Wilson

The 28th President of the United States (1913-1921) known for his leadership during World War I and his advocacy for the League of Nations.

Collective Security

An approach to international peace and security whereby states agree to collectively defend each other against threats and aggression.

Department Of Defense

The Department of Defense is an executive branch department of the U.S. federal government charged with coordinating and supervising all agencies and functions of the government relating directly to national security and the United States Armed Forces.

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