ABSTRACT

In economic terms, in spite of the severe recession triggered by the First World War, the policies continued to seek fruitful integration into the world economy, particularly during Alvear's presidency, when Argentina courted not only the British market but also that of the USA. The Great Depression that originated in the USA brought the popular democracy of Yrigoyen's second term and the Radical Republic itself to a tragic end. Just before the start of the First World War in 1914, President de la Plaza signed a pact with his Chilean and Brazilian counterparts in response to the 81American occupation of Veracruz, Mexico. In foreign policy, Yrigoyen emphasized the estrangement from the USA that had started during the administration of Juarez Celman. Argentina suffered not only a sudden stop in the inflow of foreign capital, but also many restrictions on imports.