ARGENTINA: Prodigal's Return

The Hemisphere's No. 1 authoritarian was back in power.

After one brief day in his Argentine Elba, the federal prison on Martin Garcia Island, Juan Domingo Perón overturned the moderates who had forced his resignation and vaulted back to the balcony of Government House. Thousands of Perón-struck workers cheered: "Viva Perón! Viva labor! Viva Argentina!" Colonel Perón did not bother to reassume his old offices or even to rejoin the army. Seven days after his return, he was still Argentina's master.

The abrupt collapse of Argentina's week-old, fumbling interim government came as...

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