Argentina’s political history has experienced as much volatility as its economy. Once a top-ten economic contender in the world, Argentina has historically competed with its agricultural export sectors in international markets. Due to a growing lack of faith in Argentina by international capitalists, the country has fallen victim to their most-powerful creditors. This paper will examine the historical, economic, and political development of Argentina as well as the alleged causes and effects of their financial crises. The Argentine economy was developed as a staples-export hinterland, especially under the convertible exchange-rate years, and has been subjected to years of legal uncertainty due to lengthy litigation which ultimately caused Argentina’s second sovereign debt-default in under two decades.