In 1901, they were one of the 10 richest countries in the world.
Argentina is like a laboratory experiment. Every time the country behaves like a normal country, Argentina becomes remarkably rich. They have done this quite a few times.
But they always seem to get the urge to go socialist and create a worker’s paradise. Then they become poor, with massive inflation, and suffering workers. They have done this quite a few times.
They never seem to learn the lesson: socialism always fails.