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The country thereafter enjoyed relative peace and stability, with massive waves of European immigration radically reshaping its cultural and demographic outlook.
The almost-unparalleled increase in prosperity led to Argentina becoming the seventh wealthiest developed nation in the world by the early 20th century.
Argentina has the second largest economy in South America, the third-largest in Latin America and is a member of the G-15 and G-20 major economies.
It is also a founding member of the United Nations, World Bank, World Trade Organization, Mercosur, Union of South American Nations, Community of Latin American and Caribbean States and the Organization of Ibero-American States.
It is the country with the highest Human Development Index in Latin America with a rating of "very high".