The Argentine in the Twentieth CenturyMartínez, Alberto B.
History
The Argentine in the Twentieth Century
Martínez, Alberto B.
Argentina -- Commerce; Argentina -- Economic conditions; Finance -- Argentina
If we now compare the figures for 1895 with those for 1902, we find that
the national agricultural expansion has never ceased during this second
period of seven years. During this period, moreover, an important change
occurred; one which encouraged production by placing exchange upon a
solid basis: we refer to the law of monetary conversion, which gave paper
a fixed value and abolished the discount which had hitherto affected all
private commercial transactions.
In comparing the figures of the years 1895 and 1902, we find that the
progress was as follows:——
Products. 1895 1902 Increase in Seven Years.
Acres Cultivated. Acres Cultivated. Absolute. Per cent.
Wheat 5,062,717 9,124,449 4,061,732 80
Linseed 946,690 3,228,774 2,282,084 238
Maize 3,073,130 4,450,060 1,376,930 44
Lucerne 1,729,000 4,273,502 2,544,502 147
—————————— —————————— —————————— ———
Totals 10,811,537 21,076,785 10,265,248 94
It now remains to examine the third period, from 1902 to 1904-1905, the
statistics of which are as follows:——
Products. 1902 1904-1905 Increase in Two Years.
Acres Cultivated. Acres Cultivated. Absolute. Per cent.
Wheat 9,124,449 12,110,706 2,986,257 33
Linseed 3,228,774 2,674,738 554,036 18
Maize 4,450,060 5,648,988 1,198,928 27
Lucerne 4,273,502 4,940,000 666,498 15
—————————— —————————— ————————— ———
Totals 21,076,785 25,374,432 4,297,647 21[41]
[Footnote 41: This increase would amount to 73·5 per cent. in seven
years, as compared with 94 and 105 per cent. for the two previous
periods: but an average reckoned from two years is of course not
reliable.——[TRANS.]]
We see that, with the exception of linseed, the progress of agriculture
has received no check; on the contrary, the figures speak of still
greater expansion, attesting to the great economic future of the country.
The culture of wheat, as we see, has increased by 2,986,257 acres; maize,
by 1,198,928 acres; lucerne, by 666,498 acres. Unfortunately, the culture
of linseed has suffered a decrease of 554,036 acres; a result to be
attributed partly to low prices, and to the loss of a certain proportion
of the previous crops.
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