Under forces of Diego de Almagro, lack of prominent civilization and absence of gold led to retreat to Peru
Independence of Spain
Chile was able to develop strong middle class
Period of major reform:
social and economic programs, emphasizing plight of working class
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
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"
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"
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"
Following end, Chile was able to develop a strong middle and working class.
Able to elect reformist President