In what year did Carlos Menem take office as president of Argentina?
1987
1989
1991
1993
Answer
In 1989, Carlos Menem assumed the presidency of Argentina, marking a significant turning point in the country's history. His election represented a shift towards free-market policies and economic liberalization, aimed at revitalizing the nation's struggling economy. Menem implemented a series of reforms, including currency stabilization measures, privatizations of state-owned industries, and the opening of the economy to foreign investment.
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