Word: bolivars
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Dates: during 1950-1959
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...government-run Bolivian Mining Corp. It was the most important act of nationalization in Latin America since Mexico seized the foreign oil companies in 1938. For better or for worse, it made the nationalist government of President Victor Paz Estenssoro the most important since SimÓn Bolivar founded the republic...
...years, he burned with an unquenchable conviction that the U.S. had "enslaved" his native Puerto Rico. In his cell in the District of Columbia prison, the fanatical nationalist spent his time studying Latin, teaching a fellow prisoner Spanish, poring over the biographies of the great liberators Bolivar and San Martin. He would sign no petition for clemency on his behalf addressed to the White House. To his wife Rosa, he wrote: "[I] refuse to play the slave asking his master for mercy...
...newspaper El Siglo, mouthpiece of ailing President Laureano Gómez, praised Bolivar's idea of rule by an elite. In editorials supposedly written by Gómez himself, El Siglo echoed Bolívar's dictum that "elections are the scourge of all republics," and upheld the Liberator's aristocratic approach to politics. Said El Siglo: "If the law is abnormal or inconvenient, push it to one side . . . Retain elasticity . . . though procedure may not always be strictly legal. The letter kills; the spirit gives life...
...Steel signed contracts to build a $15 million, 170-mile-long ship channel through Venezuela's Macareo and Orinoco Rivers that will enable seagoing ore boats to pick up high-grade iron ore from its Cerro Bolivar iron mine, deliver it to the -new Fairless plant (TIME...
Though he had been hailed as the Liberator, he found himself deep in debt, abused by his compatriots, branded by his country's Congress as "an enemy of Venezuela." He died feeling that he was a failure. Writes Author Frank: "Bolivar strove to be Moses, Madison and Jefferson to a people not yet mature enough to produce them: this was his greatness and his tragedy." Part of this greatness was his clearheaded realization of how he had failed. Wrote Bolivar: "It will be said that I freed the New World, but it will not be said that I achieved...