He Rodrigazo<\/strong>, occurred on June 4, 1975<\/strong>, marked one of the most critical moments in Argentina's economic and political history. It was a drastic adjustment plan implemented by the then Minister of Economy, Celestino Rodrigo<\/strong>, during the government of Isabel Per\u00f3n<\/strong>, which sought to address an inflationary and fiscal crisis that had begun to spiral out of control. The result, however, was economic, social, and political chaos, which left deep scars on the country.<\/p>\n\n\n\n Since the mid-20th century, Argentina followed an economic model based on import substitution industrialization (ISI)<\/strong>This system sought to develop a local industry that would replace imported goods, but over time it showed its limits:<\/p>\n\n\n\n With the return of Juan Domingo Per\u00f3n<\/strong> When he came to power in 1973 after 18 years of exile, his government adopted a redistributive approach in an attempt to stabilize the country. During this period, populist policies were implemented that initially appeared successful:<\/p>\n\n\n\n Although these measures achieved initial stability, structural imbalances remained latent. When Per\u00f3n died in July 1974<\/strong>, his wife, Isabel Per\u00f3n<\/strong>, assumed the presidency in an increasingly unstable economic and political context.<\/p>\n\n\n\n After Per\u00f3n's death, Isabel appointed Alfredo G\u00f3mez Morales<\/strong> As Minister of Economy, Morales, an experienced economist, attempted to implement moderate adjustment measures:<\/p>\n\n\n\n These policies clashed with resistance from union sectors and the left wing of Peronism, led by figures such as Lorenzo Miguel<\/strong> and Jos\u00e9 Ignacio Rucci<\/strong>Morales resigned amid political pressure, paving the way for the arrival of Celestino Rodrigo<\/strong>, promoted by the Minister of Social Welfare, Jos\u00e9 L\u00f3pez Rega<\/strong>.<\/p>\n\n\n\n Isabel Per\u00f3n's presidency was marked by the Lack of leadership and the influence of Jos\u00e9 L\u00f3pez Rega<\/strong>, who wielded much of the real power from his position as minister. L\u00f3pez Rega promoted the appointment of Celestino Rodrigo to the Ministry of Economy, with the goal of implementing a drastic adjustment that would stabilize the public accounts.<\/p>\n\n\n\n The arrival of Rodrigo and his adjustment plan marked the beginning of one of the most chaotic episodes in Argentine economic history: the Rodrigazo<\/strong>.<\/p>\n\n\n\n <\/p>\n\n\n\n He Rodrigazo<\/strong> It was announced on June 4, 1975, as a series of measures aimed at stemming the economic crisis. The package included extreme adjustments to the exchange rate, utility rates, and commodity prices:<\/p>\n\n\n\n These measures, justified by Rodrigo as necessary to stop the crisis, sought Attract foreign investment, reduce the fiscal deficit and stabilize the economy<\/strong>. However, the consequences were catastrophic<\/strong>.<\/p>\n\n\n\n The impact of the Rodrigazo was devastating for workers and the middle classes. Monthly inflation exceeded 20% in June 1975<\/strong>, and real wages plummeted due to the combination of tariff increases and devaluation. In a country with a strong union tradition, these policies provoked a massive backlash.<\/p>\n\n\n\n Get all three books now to make ends meet!<\/mark><\/a><\/p>\n<\/div><\/div>\n\n\n\n The Rodrigazo not only unleashed an economic crisis, but also precipitated the collapse of Isabel Per\u00f3n's government<\/strong>. Internal divisions within Peronism, combined with growing economic instability, left the government in an untenable position. By 1976, inflation had reached levels of three digits<\/strong> and the economy was in recession.<\/p>\n\n\n\n This environment of economic and social chaos paved the way for the coup d'\u00e9tat of March 24, 1976<\/strong>, which gave rise to the bloodiest military dictatorship in Argentine history.<\/p>\n\n\n\nContext before the Rodrigazo<\/h2>\n\n\n\n
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Per\u00f3n's presidency (1973-1974)<\/h2>\n\n\n\n
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<\/figure>\n\n\n\nThe Rise of Alfredo G\u00f3mez Morales (1974)<\/h2>\n\n\n\n
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The political context: Isabel Per\u00f3n and L\u00f3pez Rega<\/h2>\n\n\n\n
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<\/figure>\n\n\n\nThe adjustment plan: The Rodrigazo measures<\/h2>\n\n\n\n
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Immediate consequences<\/h2>\n\n\n\n
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<\/span>The Rodrigazo as a trigger for a broader crisis<\/h2>\n\n\n\n