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Argentina was a successful cow product exporter, then cow products became cheap elsewhere
by 8note 5y ago
Argentina was a successful cow product exporter, then cow products became cheap elsewhere
- kragen 5y agoWell, not really. The end of the cow-product-based Argentine Golden Age didn't come from US feedlots; those were still decades in the future. It came from the Smoot-Hawley act and its beggar-thy-neighbor brethren worldwide: our economy, which had grown fat from its abundant and fine exports, suddenly found the gates closed to those exports and the drawbridges drawn up, almost everywhere in the world, precipitating the fall of democracy and the Década Infame. Within three years exports had fallen by almost two thirds, an economic disaster in an export-driven economy.