Chile and In-N-Out

Main

Conquered by Spanish

1536 - 1537

Under forces of Diego de Almagro, lack of prominent civilization and absence of gold led to retreat to Peru

Attempt at Conquest and Colonization

1540 - 1541

Independence

1818

Independence of Spain

Restoration of Constitutional Rule

1932

Chile was able to develop strong middle class

Election of Democrat Eduardo "Frei" Montalva

1964 - 1970

Period of major reform:
social and economic programs, emphasizing plight of working class

Election of Salvador Allende

1970 - 1973

Marxist and Member of Socialist Party
nationalized private industries and banks, reformed agriculture, and collectivization
Led to shortage of goods, and inflation reaching 1000% per annum

Overthrow by Pinochet

1973 - 1980

Country's Downturn led to overthrow
Reversed Allende's socialist policies leading to lower rate of inflation
Period is marked by "serious human rights violations and stifling of civil liberties and political expression"

Pinochet is elected to Presidency of Chile

1980 - 1989

led to greater freedom of assembly, speech, and association, and included trade union activity
took laissez-faire approach to "economic policies" with Chile moving away from economic statism towards a largely free market economy that fostered an increase in domestic and foreign private investment"

Election of Democrat Patricio Aylwin

1988 - 2000

Election of Socialist President

2000

First since 1973
Led to improvement in the economy and enactment of socialist reforms
Making Chile "one of South America's most successful economies in the early 21st century"

Historical/ Economical Events

World War I

1914 - 1918

Following end, Chile was able to develop a strong middle and working class.
Able to elect reformist President

Chile's Economic Surge

1976 - 1979

Authoritarian Constitution Approved

1980

In-N-Out

Founded

1947