Ferrocarriles Argentinos (FA) was a public company that managed the entire Argentine railway system for nearly 45 years. It was formed in 1948 when all the private railway companies were nationalized under Perón's first presidential period, and transformed into E.F.E.A (Empresa de Ferrocarriles del Estado Argentino, Argentine State Railways Company). Literally a public company is a company owned by the public. ... 1948 is a leap year starting on Thursday (link will take you to calendar). ... Nationalization is the act of taking assets into state ownership. ... Juan Domingo Perón (October 8, 1895 – July 1, 1974) was an Argentine military officer and the President of Argentina from 1946 to 1955 and from 1973 to 1974. ...

During the FA era, the argentine railway system featured its maximum extension, being the biggest in Latin America with over 45,000 kilometers of railways. Under the Military Junta and the following Alfonsín's rule, FA entered in a recessive period that ended with its total privatization in 1992, as a part of Menem's neoliberal reforms. In 1991 it had been divided, with the metropolitan services being grouped in FE.ME.S.A. (Ferrocarriles Metropolitanos S.A.). Latin America consists of the countries of South America and some of North America (including Central America and some the islands of the Caribbean) whose inhabitants mostly speak Romance languages, although Native American languages are also spoken. ... Augusto Pinochet (sitting) was an army general who led a military coup in Chile in 1973. ... Raúl Alfonsín, in 2003 Raúl Ricardo Alfonsín Foulkes (born 13 March 1927) was president of Argentina from 10 December 1983 to 9 July 1989. ... Privatization (sometimes privatisation, denationalization, or, especially in India, disinvestment) is the process of transferring property, from public ownership to private ownership and/or transferring the management of a service or activity from the government to the private sector. ... 1992 is a leap year starting on Wednesday of the Gregorian calendar. ... Carlos Saúl Menem (born July 2, 1930) was President of Argentina from 8 July 1989 to 10 December 1999 for the Justicialist Party (Peronist). ... The term neoliberalism is used to describe a political-economic philosophy that had major implications for government policies beginning in the 1970s – and increasingly prominent since 1980 – that de-emphasizes or rejects positive government intervention in the economy (that complements private initiative), focusing instead on achieving progress and even social... 1991 is a common year starting on Tuesday of the Gregorian calendar. ...