ABSTRACT
When the Constitutional Assembly enacted a National Constitution in 1853 the Province of Buenos Aires seceded from the Argentine Confederation and functioned as the State of Buenos Aires. From 1853 to 1860 Argentina was split in two: the Argentine Confederation with its capital in Paraná, and the State of Buenos Aires that kept control over its custom revenue and its bank. In terms of foreign policy, Urquiza achieved Spain's recognition of Argentina's independence, granted Great Britain the right to navigate Argentine rivers. The conflicts between the national government and the government of the province of Buenos Aires persisted on issues such as the intervention of the national government in provincial matters. Mitre was the first President of the unified Argentine Nation to complete his constitutional term. Mirroring the prevailing monetary systems of successful systems in other countries, Mitre and his economic advisors tried to make the notes of the Banco de la Provincia de Buenos Aires convertible to gold.
