Decolonizing an informal empire: Argentina,Great Britain,and the United States, 1930–1943

The key to understanding how the relationship between Argentina and Great Britain changed during the decade after 1930 lies in the evolution of the British economy and the shifting configuration of political forces within the British Commonwealth of nations after World War I that made it impossible for Great Britain to maintain the old imperial relationship with Argentina. The purpose of Argentine foreign policy during the 1930s was to buy time to alter the internal structure of dependence and allow Argentina greater flexibility in world affairs. Until the structure of the economy could be Changed, primary product exports were vital to the national interest. First the Argentines tried to salvage some portion of their relationship with Great Britain and the market stability they needed in the Roca‐Runciman Pact (1933). Next, they turned to the U.S. for help, but with no success. By 1943, the British and Argentine economies were no longer structurally compatible and the U.S. had declined to accommodate Argentine economic needs. These frustrations provoked a strong nationalist reaction in Argentina against dependence. Argentine governments‐civilian and military‐retreated to a policy of neutrality as the best means of securing the most favourable terms for the sale of the nation's exportable agricultural surplus.