After Argentina's transition a Peronist name Saul Menem became president and governed for most of the 1990s. Which of the following best represents his presidency?
A) He brought back the old economic policies of Juan and Eva Peron
B) He brought military officers to justice
C) His plan to tie peso to the dollar halt the country's extraordinary inflation but eventually led to a financial crisis
D) He veared to the left on social and economic policy, so the militiary intervened again to froce new elections.

Question

Quizplus · Accepted Answer

Menem's presidency is best characterized by his economic policy, particularly the Convertibility Plan which pegged the Argentine peso to the U.S. dollar. This initially brought stability and reduced inflation but ultimately contributed to a severe financial crisis in the early 2000s.

After Argentina's Transition a Peronist Name Saul Menem Became President