Rodrigazo

The name is from the fact that the policies were announced and implemented by Celestino Rodrigo, the Minister of Economy of Argentina appointed by President Isabel Perón in May 1975.

The Rodrigazo fractured the prime bulwark of Peronist support, labor unions, and is held to have helped lead to Isabel Perón's downfall less than a year later.

Blindsided by the draconian measure, the normally supportive CGT (the largest labor union in Latin America, at the time), called a general strike – the first ever under a Peronist government.

This sent the demonstrators into a riot directed at Rodrigo's benefactor José López Rega, the powerful Social Welfare Minister, leader of the Argentine Anticommunist Alliance, and Perón family confidant.

[2] According to economist Guillermo Calvo, the economic turmoil that followed the Rodrigazo, including an inflation rate of around 35% a month, was one of the main reasons for the March 1976 coup that removed the Peronist government.