https://www.cnbc.com/2018/08/31/arg...cent-against-the-dollar-so-far-this-year.html Argentina is in a crisis as the exchange rate of the peso has slid more than 50 percent against the value of the US dollar. Some of the crisis has been driven by a run on the Argentina peso as people ran to trade out pesos for dollars before exchange rates slid further. The problem is that Argentina owes its foreign debt in US dollars, not pesos, so this poses a crisis for the government in being able to maintain and pay interest on the debt it owes. Investors hold concern that the country might go into default as it struggles to repay its heavy debts. (Argentina has gone through several economic crisis in the past)
This happened in recent history. Many people still alive today grew up when these things were going on in Argentina. Notice any similarity between what happened in Argentina and the things that are going on in the United States today? History Lessons from Argentina:
