Word: peronization
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Dates: during 1950-1959
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Argentina, determined to broaden its economic base and achieve self-sufficiency, built factories by decree, not in answer to economic demand. In eight years Dictator Juan Peron transformed Argentina's economy from predominantly agricultural to predominantly industrial, but left it saddled with inefficient plants making products that are priced out of the market...
...HOME AGAIN-by Juan Peron...
Hard-core Peronistas, outlawed as a party but still reasonably well organized through former Dictator Juan Peron's spy network, are being urged by clandestine leaflets to cast blank ballots in all elections until their hero returns. A hodgepodge of smaller parties, whose leaders fear a licking at the polls, has also come out for blank ballots. Meanwhile, the powerful Radicals faction, headed by Lawyer Arturo Frondizi, is hoping to gain control of the assembly, vote its immediate dissolution and call for general elections. The People's Radical Party, which split off from the Frondizi group last winter...
Peronista Key. The key to the election lies with more than 2,000,000 onetime supporters of Peron who do not number themselves among the Peron-controlled hard core. If they yield to Frondizi's frantic wooing, he will gain control of the assembly and defeat constitutional reform, which will help him toward his eventual goal: the presidential office with all its powers intact. Hopefully for the Aramburu program, these voters have been drifting over to Frondizi in smaller numbers than he expected. On the other hand, if the halfhearted ex-Peronistas adopt the hard core's self...
...Standard Electric, to zero. But in Rumania, Behn arrived in the nick of time, sold out for $13.8 million shortly before the country went over to the Nazis. In Argentina in 1946, he showed the same brilliant talent for beating a profitable retreat. Facing confiscation, he somehow maneuvered Dictator Peron into buying I.T. & T. there for $93 million...