The Great Depression, which lasted from 1929 to 1939, was a historic decade that brought famine, increased suicide rates and financial shrinkage on an international scale. Since the stock market was made up of international stocks, during the October 1929 crash, major banks around the world went bankrupt, causing business losses in several countries due to their dealings with the United States over the years. 'era. In Argentina, the situation worsened because of the Concordancia and the political and social unrest that reigned in the country at the time. Import substitution industrialization was a tactic used in Argentina and internationally to turn around the country's economy. The depression of the 1930s in Argentina was one of the most devastating internationally. In 1929, Argentina had the fourth highest gross domestic product; however, a few months later this would no longer be considered the case. Considering that the economy was heavily dependent on foreign trade for basic necessities, the economy lacked vital goods and therefore lacked important industries. At the time, mainly dependent on foreign capital from Great Britain, domestic industry was seriously affected by the stock market crash due to the cessation of British investment in domestic capital. Through a domino effect, mass and widespread unemployment was a major and constant theme in Argentine culture of the time. This further affected government revenue, which fell significantly as the country's exports fell short of investments and imports declined exponentially due to the international depression. Due to the decline in national income, large deficits began to appear. To address the country's shortage of profits, the government began borrowing more paper......as Argentina industrialized. However, at that time, political corruption and electoral fraud were a persistent problem. Finally, in 1944, the General Confederation of Labor overthrew the Concordancia and controlled the country. In conclusion, the Great Depression of October 1929 caused crises of economic decline in several countries around the world. In Argentina, the policy of Concordancia and import substitution industrialization helped repair the damaged economy. Thanks to the fight against Irigoyen's deficit repair and isolation tactics, the economy was finally able to return to a healthy and stable shape. The Great Depression Concordancia.docx – Google Drive. Np, and Web. April 9. 2014. .