In order to celebrate the centennial of the foundation of the city of Santiago, Chile requested Conmebol to organize the Copa America, scheduled for the year 1924. Conmebol complied promptly, so the Chileans were determined to put on a spectacle. For this purpose, they enlarged the Nacional Stadium, inaugurated in 1938 to seat 30 thousand spectators, to welcome 70 thousand fans.
A cheerful Chilean squad kicked-off with a 5-nil thrashing of Ecuador. Then, they beat Peru 1-nil, with an outstanding performance by legendary goalkeeper Sergio Livingstone. The fine run of form of the hosts ended when they came up against powerful Uruguay, who handed them a 2-nil defeat, and Argentina, who traveled to Chile with all their top players and clinched the title. In the last match, the Argentineans beat Chile 1 to nothing, the winner scored by Enrique Garcia, which secured Argentina their sixth title.
One of the standouts in the winning team was striker Juan Marvezzi, top scorer of the competition with 5 goals. Marvezzi, from modest Tigre, curiously scored all his goals in a single match, the 6-1 demolition of Ecuador.
The edition with less participating teams was held in 1925, counting only three countries: Argentina, Brazil, and Paraguay. The format adopted at that time consisted of matches between the teams in inning and re inning. Argentina won the championship.