Word: brasi
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Dates: during 1960-1969
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...than life, the theory got out of hand. Ever since World War II, successive governments have felt a compulsion to build by spending wildly-and to pay their bills by printing more money. As President in 1956-61, Juscelino Kubitschek performed prodiies of development: a new inland capital of Brasiília, a vast network of roads, thriving new steel and auto industries, all at a cost of giddy inflation and staggering debt. His successor, Jânio Quadros, recognized the dangers, but quit after seven months, leaving the economy at the mercy of Goulart. In a 31-month spending...
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