Word: betancourt
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Dates: during 1940-1949
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...Miraflores Palace, under a portrait of the great Bolivar, provisional President Romulo Betancourt worked the livelong day, receiving delegations of idea-bearing citizens, soldiers, sheepish rightists. Even Venezuela's Communists, who had been caught napping, came with offers of peace...
...Betancourt and his seven-man junta promised to step down when a new President is chosen by popular vote next spring. Meantime they were busy with plans to turn the income from Venezuela's fabulous oil wealth to the people's account through low-cost housing and better social security, and to weed out the grafters from previous regimes...
...Venezuela, the world's third largest oil exporter, had a new, revolutionary government. This week the new junta, headed by President Rómulo Betancourt, seemed to have the confidence of Spruille Braden...
...Betancourt and Gallegos had been exiles in the days of tyrannical dictator Juan Vicente Gómez. They had returned to Venezuela to help prod President Eleázar López Contreras along the path of measured democracy. For a time they had gotten along with his successor, Medina. But they had broken with Medina when he failed 1) to tackle the nation's economic problems squarely, 2) to change the constitution so that the President could be elected by direct suffrage...
This week President Betancourt said that of course he weald not be so foolish as to interfere with the country's oil economy. Oil-company spokesmen in Caracas seemed to be happy...