Please enable JavaScript.
Coggle requires JavaScript to display documents.
Revolución del Parque (julio 1890) (CAUSES (Ernesto_de_la_Cárcova_-_Sin…
Revolución del Parque
(julio 1890)
CAUSES
DECLINING PRESTIGE OF PRESIDENT
Marcos Juárez Celman
(1896-1890)
Vain & arrogant
Whereas Roca only used federal intervention in extreme situations, Juárez used to displace enemies and replace them with friends
Born in Córdoba & served as governor of Córdoba prior to Presidency
Election of 1896
Defeated Bernardo de Irigoyen
Roca didn't endorse or denounce him, effectively enabling him to win the election
ECONOMIC CRISIS
Precipitated by the near insolvency of
Baring's Bank
in London
Result of excessive risk & poor investment in Argentina
Effect in Arg:
Depreciation of the peso
threatens the profits of investors and
paralyses the entry of capital
Massive
public debt
to foreign investors
Gov. guaranteed minimum profit percentage backed in gold to private investors in railway industry to encourage investment.
As a result, many investors used all of their capital, fell below the minimum figure and then claimed the government profit.
Technological Revolution
Investment in technology to take advantage of the arable agricultural land available in the Pampa as a result of the
Campaña del Desierto (1879)
Individuals took out loans to invest in land and farming it. Return on investment took multiple years
Massive speculation
Invention of
refrigeration
massively expanded the potential market for Argentine beef & cereals
Arrival of the railways led to a boom in property value
The road to the "revolution"
Article in La Nación, September 1890
Event against President, Jardín de Florida (Sep 1890)
