Word: chiles
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Dates: during 1950-1959
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...Before he left Costa Rica for home in 1936 he married Carmen, but dropped out of the front to plant himself in the anti-Communist left. Back in Venezuela he led a revolutionary underground political party until 1939, when he was thrown out of Venezuela again, this time to Chile...
Last week Argentina, Brazil and Chile were each caught in one phase or another...
...Chile was in the final phase. Confronted by a 20% budget deficit, a $718 million foreign-trade debt and an unemployment rate of 10%, President Jorge Alessandri's month-old "businessman's government" devalued the currency. Down 18% went the value of the peso, from 837 per dollar to 989, in the hope that such exports as steel and wine, thus cheapened, would rise proportionately...
...under Chilean democratic custom, this was their right. Bouncing back with more zest than politicos thought possible, Chile's Reds proved that they had not slept during their decade of banishment. Each of the 300 delegates who met to choose their new leaders and reaffirm old lines represented 100 militant card carriers with three years of paid-up dues. With a new batch of young recruits, the party boasted 55,000 members...
...Reds agreed to wage relentless war against the free-enterprise policies of Chile's conservative President Jorge Ales-sandri, against foreign (and specifically U.S.) investments. They pledged themselves to fight for the "national liberation" of Chile by adding to the popular front they have already formed with the Socialists. President Alessandri, who barely, beat Socialist Candidate Salvador Allende in September's election, will plainly have to deal with a threat that is growing faster than he could have guessed...