5 0 s , ▁output ▁of ▁be ef ▁and ▁gra in ▁fell , ▁and ▁the ▁economy ▁suffered . ▁The ▁policy ▁shift ▁toward ▁agricult ural ▁production ▁created ▁a ▁gap ▁in ▁income ▁distribution , ▁as ▁the ▁majority ▁of ▁those ▁who ▁worked ▁in ▁agricult ure ▁lab oured ▁on ▁tiny ▁plots , ▁while ▁the ▁majority ▁of ▁the ▁land ▁was ▁in ▁large ▁est ates . ▁Argentina ▁signed ▁trade ▁agre ements ▁with ▁Britain , ▁the ▁Soviet ▁Union ▁and ▁Chile , ▁slightly ▁opening ▁the ▁market ▁to ▁international ▁trade ▁as ▁Per ón ' s ▁second ▁economic ▁plan ▁sought ▁to ▁capital ize ▁on ▁the ▁country ' s ▁compar ative ▁advantage ▁in ▁agricult ure . ▁ ▁Post - Per on ▁era ▁and ▁the ▁ 1 9 6 0 s ▁ ▁In ▁the ▁ 1 9 5 0 s ▁and ▁part ▁of ▁the ▁ 1 9 6 0 s , ▁the ▁country ▁had ▁a ▁slow ▁rate ▁of ▁growth ▁in ▁line ▁with ▁most ▁Latin ▁American ▁countries , ▁while ▁most ▁of ▁the ▁rest ▁of ▁the ▁world ▁enjoyed ▁a ▁golden ▁era . ▁St agn ation ▁pre va iled ▁during ▁this ▁period , ▁and ▁the ▁economy ▁often ▁found ▁itself ▁contract ing , ▁mostly ▁the ▁result ▁of ▁union ▁str ife . ▁ ▁W age ▁growth ▁beginning ▁in ▁ 1 9 5 0 ▁pushed ▁prices ▁up . ▁The ▁infl ation ▁rate ▁increased ▁faster , ▁and ▁soon ▁real ▁w ages ▁fell . ▁High ▁infl ation ▁prompt ed ▁a ▁stabil ization ▁plan ▁that ▁included ▁t ighter ▁mon et ary ▁policy , ▁a ▁cut ▁in ▁public ▁exp end it ures , ▁and ▁increases