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Argentinazo | |||
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Date | 19–20 December 2001 | ||
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Caused by | Economic crisis Corralito Political instability Crisis of the Convertibility plan | ||
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The December 2001 crisis, sometimes known as the Argentinazo[2][3][4][5] (pronounced [aɾxentiˈnaso]), was a period of civil unrest and rioting in Argentina, which took place during December 2001, with the most violent incidents taking place on 19 and 20 December in the capital, Buenos Aires, Rosario and other large cities around the country. It was preceded by a popular revolt against the Argentine government, rallying behind the motto "All of them must go!" (Spanish: ¡Que se vayan todos!), which caused the resignation of then-president Fernando de la Rúa, giving way to a period of political instability during which five government officials performed the duties of the Argentine presidency. This period of instability occurred during the larger period of crisis known as the Argentine great depression, an economic, political, and social crisis that lasted from 1998 until 2002.
The December 2001 crisis was a direct response to the government's imposition of "Corral" policies (Spanish: Corralito) at the behest of economic minister Domingo Cavallo, which restricted people's ability to withdraw cash from banks. Rioting and protests became widespread on 19 December 2001, immediately following the president's declaration of a state of emergency and his resignation on the following day. A state of extreme institutional instability continued for the next twelve days, during which the successor president Adolfo Rodríguez Saá resigned as well. While the degree of instability subsided, the events of December 2001 would become a blow against the legitimacy of the Argentine government that would persist for the following years.[citation needed]
The majority of the participants in the protests were unaffiliated with any political party or organization. Over the course of the protests, 39 people were killed by police and security forces,[1] most of them during sackings in provinces governed by the Peronists opposition. Of the 39 killed, nine were minors.