Giving opportunities to several players who have not featured much in the tournament, an all-new front row sees props Ellis Genge (28) and Will Stuart (27) either side of hooker Theo Dan (22), who has spent the last three matches as an unused replacement.
Ollie Chessum (23) comes back into the second row while Sam Underhill (27), who joined the squad as an injury replacement two weeks ago, starts at openside flanker.
Tom Curry (25), who will win his 50th cap, moves to the blindside to reprise the successful back row partnership from the 2019 tournament, with Ben Earl (25) at number eight.
Scrum half Ben Youngs (34) starts his first game of the tournament to extend his caps record to 127, with captain Owen Farrell (32) at fly half.
Jamie George (33), Bevan Rodd (23), Dan Cole (36), David Ribbans (28), Lewis Ludlam (27), Danny Care (36), George Ford (30) and Ollie Lawrence (23) are on the bench.
"After the disappointment of last weekend's game against South Africa, it is important that this Friday we once again play with the determination and dedication that so nearly earned the team the result we wanted," Borthwick said.
"The bronze final gives us a great opportunity to finish the tournament on a positive note, continue to build for the future, and to give our supporters one last chance to get behind the squad out here in Paris."
Curry has been at the centre of an off-field storm this week after he accused South African hooker Bongi Mbonambi of racially abusing him in the semi-final. Farrell said that the flanker had been on the receiving end of "unacceptable" online abuse through the week.
Borthwick said, however, that there had never been any consideration given to not picking him. "When he came off that pitch on Saturday night he was cut and bloodied," he said.
"So I chatted to him about how he was physically with another six-day turnaround and he looked straight at me and said: 'I am desperate to play on Friday night'. This guy wants to play and the way he has prepared through the week has been incredible. But that is Tom Curry. It is the way he does it every single week so I couldn’t be more proud of him."
Borthwick also paid special credit to Youngs, who told him he would be retiring from internationals after the match.
"Ben has been tremendous player for England rugby for such a long time - record cap holder, four World Cups - and he has played an important role in this squad, particularly helping Alex Mitchell," he said. "He is a brilliant player and fantastic team man."
Smith was ruled out of the South Africa game with a head injury but gets another chance to impress in the 15 shirt after a series of exciting displays when starting there or coming off the bench.
Arundell scored a record-equalling five tries in the thrashing of Chile but was unable to force his way into the squad for the following games, while Steward, who had a superb game at fullback against the Springboks, gets a start in the unfamiliar territory of right wing.
The teams met on the opening weekend of the tournament in Marseille, when England won 27-10 despite having Curry sent off after three minutes.
That was their 11th win in their last 12 meetings, with Argentina's sole success during that period coming at Twickenham 11 months ago. England have also won all four of the teams' pool clashes at the World Cup.
"Both teams have grown through the tournament and I think it will be a very different game," Borthwick said.
Arundell scored a record-equalling five tries in the thrashing of Chile but was unable to force his way into the squad for the following games, while Steward, who had a superb game at fullback against the Springboks, gets a start in the unfamiliar territory of right wing.
The teams met on the opening weekend of the tournament in Marseille, when England won 27-10 despite having Curry sent off after three minutes.
That was their 11th win in their last 12 meetings, with Argentina's sole success during that period coming at Twickenham 11 months ago. England have also won all four of the teams' pool clashes at the World Cup.
