Economic Policy
Videla largely left economic policies in the hands of Minister José Alfredo Martínez de Hoz, who adopted a free trade and deregulatory economic policy. During his tenure, the foreign debt increased fourfold, and disparities between the upper and lower classes became much more pronounced, ending in a tenfold devaluation and one of the worst financial crisis in Argentine history.
Read more about this topic: Jorge Rafael Videla
Famous quotes containing the words economic and/or policy:
“I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.”
—Camille Paglia (b. 1947)
“Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting the progress of the arts and the sciences and a flourishing culture in our land.”
—Mao Zedong (18931976)