Due to the 1928 Olympic Games, the Copa América was canceled that year and postponed to 1929. At the Olympics, in Amsterdam, Uruguay beat Argentina in the final match to win the gold medal for a second time running. In the 1929 Copa América, held in Buenos Aires, it was payback time for the Argentineans, who claimed top honors in the South-American competition for the fourth time.
Lacking the same enthusiasm shown in the Olympic Games, the Uruguayans were defeated in their opening match at the hands of Paraguay, 3-nil victors. The main standout of the match, which took place in the extinct Alvear y Tagle Stadium, the River Plate home-ground, was striker Aurélio González, one of the great names in Paraguayan football history. With 5 goals in 1929, González became the top scorer of that Cup.
Argentina, who won their first two matches (3-nil against Peru and 4-1 against Paraguay) lifted the continental title, their second in succession, after beating Uruguay 2-nil in the final match. The game, held in the old San Lorenzo, was witnessed by 60 thousand supporters.