Abstract
Until the 1870s, Argentina was principally a pastoral nation totally depenlent upon trade with more advanced nations to provide basic necessities. Yet, within a brief span of about thirty years, it became a major producer of livestock products, cereals and flour for export, and of a wide variety of foodstuffs and other consumer goods for internal consumption. Most of this had been achieved by the application of protective tariffs to nascent industrial activities, and by the importation and use of new machinery and technology to process available raw materials. Thus, unlike other Latin American nations which had not yet begun the arduous process of modernization, Argentina had already embarked on a program of import substitution and State-encouraged industrialization in the late nineteenth century.

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