what kind of money does argentina use?
Argentine peso
neutral
 Growing government spending , large wage raises , and inefficient production created a chronic inflation that rose through the 1980s , when it briefly exceeded an annual rate of 1 @,@ 000 % . Successive regimes tried to control inflation through wage and price controls , cuts in public spending , and restriction of the money supply . Efforts to stem the problems came to naught when in 1982 Argentina came into conﬂict with the United Kingdom over the Falkland Islands . 

entailment
 Argentina possesses definite comparative advantages in agriculture , as the country is endowed with a vast amount of highly fertile land . Between 1860 and 1930 , exploitation of the rich land of the pampas strongly pushed economic growth . During the first three decades of the 20th century , Argentina outgrew Canada and Australia in population , total income , and per capita income . By 1913 , Argentina was the world 's 10th wealthiest nation per capita . 

entailment
 For all its success , by the 1920s Argentina was not an industrialized country by the standards of Britain , Germany or the United States . A major hindrance to full industrialisation was the lack of energy sources such as coal or hydropower . Experiments with oil , discovered in 1907 , had poor results . Yacimientos Petrolíferos Fiscales , the first state @-@ owned oil company in Latin America , was founded in 1922 as a public company responsible for 51 % of the oil production ; the remaining 49 % was in private hands . 

entailment
 During this period Argentina 's economy continued to grow , on average , but more slowly than the world as a whole or than its neighbours , Brazil and Chile . A suggested cause is that a multitude of frequently changed regulations , at times extended to ridiculous specifics ( such as a 1947 decree setting prices and menus for restaurants ) , choked economic activity . The long @-@ term effect was to create pervasive disregard for the law , which Argentines came to view as a hindrance to earning a living rather than an aid to enforcing legitimate property rights . The combination of industrial protectionism , redistribution of income from the agrarian to the industrial sector , and growing state intervention in the economy sparked an inflationary process . By 1950 , Argentina 's GDP per capita accounted just nearly half of the United States . 

entailment
 As a result of the diversification in markets and products , Argentina managed to escape the trap of a single @-@ staple economy and sustained its economic growth over six decades . The combined effect of declining prices of textiles and rising prices of livestock products produced dramatic improvements in the terms of trade , which rose 377 % between 1810 and 1825 in local prices . Several governors waged campaigns against the natives to increase the available lands , from Juan Manuel de Rosas to Julio Argentino Roca . 
