Word: coppers
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...country was conspicuously silent: the U.S. The Nixon Administration had been antagonistic to Allende ever since he emerged as the likely winner of the 1970 presidential campaign. Washington's hostility increased after Allende's new government fully nationalized copper mines and other industrial properties owned by U.S. companies and declined to pay several of them compensation. Relations between the two countries grew worse when it was revealed that multinational ITT had offered the U.S. Government more than $1,000,000 to help prevent Allende's election, and had held discussions with the CIA on possible ways...
...much of the blame for his own downfall. His socialist fiscal policies shattered Chile's economy instead of helping it. Always a net importer of food, the country had to import still more because Allende's land-reform programs reduced production. The government, as owner of the copper mines, was in deep trouble when world copper prices fell. Foreign reserves totaled $345 million when Allende took office; by the end of last year they had disappeared, and Chile was forced to plead for rescheduling of more than $2.5 billion in international debts. The country was so polarized...
...past Allende in the 1964 election with strong conservative and CIA support, and he was always beholden to the right. As a consequence, his rhetoric outstripped reality: his touted agrarian reforms did little to change the shape of the Chilean landscape and he never got around to nationalizing the copper interests and other North American businesses as he promised...
Frei was caught in one of the contradictions of imperialism. The North American plunderers--the copper companies, ITT--were exploiting Chile so intensively that the entire nation objected: the poor, because funds needed for development were flowing out of the country; the rich, because they wanted a bigger share of the action. (In fact, when Allende finally sent his nationalization bill to Congress in 1971, all parties, including the right-wing Nationals, voted...
...Director J. Edgar Hoover; George E. MacKinnon, 67, a longtime acquaintance of Richard Nixon; Roger Robb, 66, a Nixon appointee who used to represent Senator James Eastland of Mississippi; and Malcolm Richard Wilkey, 54, a former U.S. Attorney in Houston and onetime counsel for the Kennecott Copper Corp...