In 1895 Argentina Had the World’s Highest GDP Per Capita: What Went Wrong?

It is widely known that towards the end of the 19th century Argentina had managed to position itself as one of the richest countries in the world.
Immigrants often pondered, in those years, the choice of emigrating to New York or Buenos Aires. Many families that left Europe or the Middle East were conflicted with respect to choosing the United States or Argentina, with the choice often hinging on the cost of the ship, or the more convenient departure time.
Between 1880 and 1940, the majority of immigrants often decided that Argentina would be the best place to live, with job opportunities, peace, religious freedom, and a future for their families
Argentina has been a country that has attempted to follow two distinct economic models
The newcomers surely did

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