Meanwhile they must work patiently, in unadventurous fashion, towards the
most soundly rapid possible development of their rich natural resources.
During 1915, all extension of activity was at a standstill in both
Republics. Little or no land changed hands, unless under practically
forced sale; city improvements and private building projects were stayed,
and no new railway extensions were put under construction.[8]
A few good harvests[9] will put these things as they were; but the lesson
of the War will have been lost for Argentina and Uruguay if they do not
see to the matter of the extension of their agricultural industries.
It seems, however, that they now are solidly determined to do so; and
that, far from the lesson of recent events being lost for them, the
finding of themselves cast on their own resources has led to a most
beneficial and self-sacrificing examination of what those resources are
in contrast with what they so easily might be.
The real vitality of these countries can be measured by the fact that the
prices of their National Securities, which fell with the world-wide shock
of July-August, 1914, were by the following September already on the high
road to the practically complete recovery they have now attained.
CHAPTER III
HISTORY AND POLITICS
The political history of the River Plate Republics begins with the wars
which made possible the great Declaration of Independence from the
dominion of Spain on the 25th of May, 1810. Their most romantic history
is that of those wars and that of the old Colonial days immediately
preceding them. As, however, the only slight pretension of the present
book is to be informative on matters of fact, romance must wait on,
perchance, the author’s more leisured moments and some outline be
presented now of the events which had most influence in making Argentina
and Uruguay what they are to-day.
Public-domain text, read in full here on John Shaqi.
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