Juan Peron emerged as the leader of a military-style government in Argentina, and forged an alliance with workers and industrialists at the expense of civil liberties. Germany arose as a threat. Xxnx When the New York stock market collapsed in October 1929, the wheels came off the world’s economic wagon. Various thinkers and leaders have commented on this trend. The rising importance of urban labor and the growth of an urban middle class led to political changes in some Latin American countries. The Debacle. Stalinism instituted new controls over many aspects of life. It also established a path for future governments, between the ineffectiveness of the English and French and the extremism of the Italians, Germans, and Spanish. His program was couched in nationalistic terms, taking control of foreign-owned railroads and oil resources, but Argentina’s economy faltered anyway.
