What was the main reason for a great civil strife in Argentina recently?

The recent great civil strife in Argentina was primarily driven by a severe economic and financial crisis: a partial deposit freeze (“corralito”), a partial sovereign default, and the end of the peso’s fixed parity—all of which precipitated a collapse in output, high unemployment and widespread political and social turmoil in December 2001–January 2002 [1]. The crisis followed a prolonged recession, rising external debt service burdens and the constraints of the convertibility regime that made devaluation difficult, which together rendered public debt unsustainable and eroded confidence, provoking mass protests, looting and instability [2]. The default also triggered a long legal and restructuring saga, underscoring that the root cause was economic (debt and policy failure) rather than ethnic, linguistic or secessionist conflict [3].

Sources

1. [1] https://www.imf.org/external/np/ieo/2003/arg/index.htm
2. [2] https://www.brookings.edu/wp-content/uploads/2016/06/11_argentina_kiguel.pdf
3. [3] https://www.cigionline.org/static/documents/documents/CIGI%20Paper%20No.110WEB_0.pdf