Manuel Juarez Celman
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Manuel Juarez Celman
MANUEL JUAREZ CELMAN Argentine statesman, president 1886 - 1890 when he had to resign because of financial chaos caused by collapse of Barings. Date: 1844 - 1907
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Media ID 14299087
© Mary Evans Picture Library
1844 1886 Argentine Caused Chaos Collapse Financial Juarez Manuel Resign 1907
EDITORS COMMENTS
Manuel Juarez Celman: Argentine Statesman and President Amidst Financial Turmoil (1844-1907) This evocative photograph captures the somber expression and weary demeanor of Manuel Juarez Celman, an Argentine statesman and president who served from 1886 to 1890. Celman's tenure was marked by the devastating financial chaos that ensued following the collapse of Barings, a British banking firm with significant investments in Argentina. Born on March 21, 1844, in San Juan, Argentina, Celman rose through the ranks of Argentine politics, eventually becoming president in 1886. However, his presidency would be short-lived due to the financial calamity that struck Argentina during his term. The collapse of Barings Bank, which held a large amount of Argentine debt, caused a ripple effect throughout the global financial markets, leading to a severe economic downturn in Argentina. Celman's attempts to stabilize the economy and repay the country's debts were met with resistance from various factions within Argentina, ultimately leading to his resignation on December 31, 1890. The financial chaos that ensued during Celman's presidency would have long-lasting consequences for Argentina, setting the stage for years of economic instability and political turmoil. Despite the challenges he faced during his presidency, Celman remains an important figure in Argentine history. His legacy as a statesman and political leader continues to be studied and debated by scholars and historians, offering valuable insights into the complex political landscape of late 19th-century Argentina. This photograph, taken during Celman's later years, captures the weight of history and the burdens of leadership that he bore during his time in office. The image serves as a poignant reminder of the challenges and complexities of political leadership, particularly during times of economic upheaval.
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