page_title: Argentina
section_title: Modern era
hierarchical_section_title: Argentina / History / Modern era
caption_attribution_description: Español: Alberto Fernández al asumir la Presidencia
context_page_description: Argentina, officially the Argentine Republic, is a country located mostly in the southern half of South America. Sharing the bulk of the Southern Cone with Chile to the west, the country is also bordered by Bolivia and Paraguay to the north, Brazil to the northeast, Uruguay and the South Atlantic Ocean to the east, and the Drake Passage to the south. With a mainland area of 2,780,400 km², Argentina is the eighth-largest country in the world, the fourth largest in the Americas, the second largest in South America after Brazil, and the largest Spanish-speaking nation by area. The sovereign state is subdivided into twenty-three provinces and one autonomous city, Buenos Aires, which is the federal capital of the nation as decided by Congress. The provinces and the capital have their own constitutions, but exist under a federal system. Argentina claims sovereignty over part of Antarctica, the Falkland Islands, and South Georgia and the South Sandwich Islands.
  The earliest recorded human presence in modern-day Argentina dates back to the Paleolithic period. The Inca Empire expanded to the northwest of the country in Pre-Columbian times.
context_section_description: Raúl Alfonsín won the 1983 elections campaigning for the prosecution of those responsible for human rights violations during the Proceso: the Trial of the Juntas and other martial courts sentenced all the coup's leaders but, under military pressure, he also enacted the Full Stop and Due Obedience laws, which halted prosecutions further down the chain of command. The worsening economic crisis and hyperinflation reduced his popular support and the Peronist Carlos Menem won the 1989 election. Soon after, riots forced Alfonsín to an early resignation.
  Menem embraced neo-liberal policies: a fixed exchange rate, business deregulation, privatizations and dismantling of protectionist barriers normalized the economy for a while. He pardoned the officers who had been sentenced during Alfonsín's government. The 1994 Constitutional Amendment allowed Menem to be elected for a second term. The economy began to decline in 1995, with increasing unemployment and recession; led by Fernando de la Rúa, the UCR returned to the presidency in the 1999 elections.
  De la Rúa kept Menem's economic plan despite the worsening crisis, which led to growing social discontent. A massive capital flight was responded to with a freezing of bank accounts, generating further turmoil. The December 2001 riots forced him to resign. Congress appointed Eduardo Duhalde as acting president, who abrogated the fixed exchange rate established by Menem, causing many Argentines to lose a significant portion of their savings. By the late 2002 the economic crisis began to recede, but the assassination of two piqueteros by the police caused political commotion, prompting Duhalde to move elections forward. Néstor Kirchner was elected as the new president.
  Boosting the neo-Keynesian economic policies laid by Duhalde, Kirchner ended the economic crisis attaining significant fiscal and trade surpluses, and steep GDP growth. Under his administration Argentina restructured its defaulted debt with an unprecedented discount of about 70% on most bonds, paid off debts with the International Monetary Fund, purged the military of officers with doubtful human rights records, nullified and voided the Full Stop and Due Obedience laws, ruled them as unconstitutional, and resumed legal prosecution of the Juntas' crimes. He did not run for reelection, promoting instead the candidacy of his wife, senator Cristina Fernández de Kirchner, who was elected in 2007 and reelected in 2011. Fernández de Kirchner's administration oversaw a positive foreign policy with good relations with other South American nations; however, relations with the United States and United Kingdom remained heavily strained. Jorge Rafael Videla, who had led the repression during the Dirty War, was sentenced to life in a civilian prison in 2010 under de Kirchner's administration; he later died in prison in 2013.
  On 22 November 2015, after a tie in the first round of presidential elections on 25 October, Mauricio Macri won the first ballotage in Argentina's history, beating Front for Victory candidate Daniel Scioli and becoming president-elect. Macri is the first democratically elected non-radical or peronist president since 1916. He took office on 10 December 2015. In April 2016, the Macri Government introduced austerity measures intended to tackle inflation and public deficits.
caption: Alberto Fernández, incumbent President of Argentina
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