By studying Argentina, we can see that the country's economy boomed between 1880 and 1920 thanks to its main exports, agriculture and livestock . The first major decline in income occurred immediately after this period in history; this decline reached a whopping 50 percent.1 There must be an explanation for this sudden decline in profits. So far, Argentines as global traders can only be blamed for a monetary loss, but there may be other factors behind this collapse. Say no to plagiarism. Get a tailor-made essay on "Why violent video games should not be banned"?Get the original essayTrade in Argentina was mainly dominated by trade with international partners, with "Britain [as] the main source, followed by France and Germany. »2 The United States also became a partner later. On a large scale, Latin America as a whole has achieved success through international trade; Unfortunately, this also led to its inevitable economic downfall. Argentina is no exception; we can see this as true through the statistic in the previous paragraph. Such dependence can be dangerous. This essay will focus on a very popular export at the time in Argentina: wool. Their export of beef and cattle is even better known; the relationship between the two will be discussed. It is possible that one major export led to the failure of another. Furthermore, this failure could lead to the catastrophe of a large union or partnership, or even more serious, of an entire economy. The wool trade in 1916 was at a remarkable peak, so high that “…the prices [were] higher than the abnormally high prices. those of the [previous] year… “This is mainly due to the United Kingdom and its trade tactics which have brought great profits to Argentine farmers.3 Argentina is completely dependent on Britain to continue its policies which bring him great wealth, a dependence which certainly should not be trusted. This “…overwhelming dependence on food exports made the country's economy vulnerable to fluctuations in global prices…”4 Indeed, global prices fluctuated and, at times, trade was at a standstill. This hiatus was the result of poor quality wool varieties available for sale; this is all the more disastrous as England responds to requests from allied countries in Europe for varieties that they cannot produce themselves5. This led to low selling prices during a new wool trading season. Countries like the United States are believed to be responsible for this crisis. They sent buyers directly to Buenos Aires and bought unsheared wool; This in turn threw a wrench into the market, negatively affecting Argentina.6 Regardless of how profitable the global market might be, complete reliance on it could lead to disastrous circumstances. Beef and livestock are becoming more and more popular in global trade over time. In 1895 it was reported that "preparations had been made for much larger shipments"7 of cattle, sheep, beef and mutton for the future. This means a greater focus on this industry and away from others; there would therefore be more desire to fatten and improve the quality of meat products than, for example, to guarantee the export of high quality wool. Economists predicted early on that Argentina's livestock and beef exports to major partners like the.