Using profits from the war boom, Perón paid off Argentina's entire foreign debt and issued a “Declaration of National Independence.” During the next two years he would nationalize British-owned railways and assume control of the international marketing of Argentina's beef exports.
The Chamber of Deputies gave unlimited powers to Perón in case of a national emergency and voted to reform the constitution. Elections for a constituent assembly (Dec. 5) gave the Peronist Party a large majority.
