From independence until the Great Depression Brazil was run by an oligarchy of economic elites. They lost control when the economy tanked.
Brazil peacefully gains independence in 1822 and becomes an empire that is even more bureaucratic and involved in slavery than the colony. This empire is run by an oligarchy of economic elites.
In 1930 Gutillo Vargas took control of the country. He established the "Estado Novo" under his dictatorship which was a militaristic corporatist regime. There were no democratic elections at this time.
In 1945 Vargas returned the country to an electoral regime. Despite this democracy the country was still largely controlled by political elites
The country’s politics was “clientilism” - an exchange of resources for political support
Vargas is democratically elected as the president of Brazil
In 1964 armed forces staged a coup against the democratic government and instituted an authoritarian corporatist regime. Harsh draconian rule, censorship
Early days of the New Republic contain a lot of privatization of previously state held industry. Later days are more economically prosperous (21st century) as there is larger international demand for Brazil's exports. Under the New Republic economic inequality in Brazil continues to grow dramatically.
After immense protest the military dictatorship relinquishes power and the state returns to democracy
After great depression the gov started to try to protect industry in Brazil by limiting imports on things that could be produced domestically.
Full fledged ISI - government becomes involved in industry and starts producing things like steel.
After the 1973 Oil Shock shakes Brazil. They decide to continue strong with ISI to try to diversify the economy. In order to keep this up Brazil acquires a massive amount of debt
Mexican debt crisis ends Brazil's access to international markers
Debt crisis of the 80’s aligned with the reintroduction of democracy - they spend the next 10 years trying to end hyper inflation
When Cardoso comes to power in 1995 he creates a new currency and pegs it against the dollar and ends hyperinflation