hich declined its usual politics and embraced neoliberalism instead. A fixed exchange rate established in 1991, the dismantling of protectionist barriers, business regulations and several privatizations normalized the economy for a time. His victories at the 1991 and 1993 elections led to the 1994 amendment of the Argentine Constitution, which allowed him to run for a second term. He was reelected, but the economy began to decline in 1996, with higher unemployment and recession. He lost the 1997 elections, and the UCR returned to the presidency in the 1999 elections.
President Fernando de la Rúa sought to change the political style of Menem, but kept his economic plan regardless of the growing recession. He appointed Domingo Cavallo, who had already been minister of economy during the presidency of Menem. The social discontent led to the appearance of piqueteros and huge blank votes in the 2001 legislative elections. A huge capital flight was responded to with a freezing of bank accounts, generating further discontent. Several riots in the country led the president to establish a state of emergency, received with more popular protests. The huge riots in December finally forced De la Rúa to resign.
Eduardo Duhalde was appointed president by the Legislative Assembly, and derogated the fixed exchange rate established by Menem. The economic crisis began to end by the late 2002, under the management of the minister of Economy Roberto Lavagna. The death of two piqueteros caused a political scandal that forced Duhalde to call to elections earlier. Carlos Menem got the majority of the votes, followed by Néstor Kirchner. Kirchner was largely unknown by the people, but would maintain Lavagna as minister. However, Menem declined to run for the required ballotage, which made Kirchner the new president.
Following the economic policies laid by Duhalde and Lavagna, Kirchner ended the economic crisis, getting fiscal and trade surpluses. However, he
