Word: coupes
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Dates: during 1970-1979
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...reaction was checked during Dr. Mossadegh's premiership (1951-53), when the mass movement gained momentum once more around the issue of nationalizing the foreign oil monopolies. But the CIA moved in and mobilized all the reactionaries, the fascists of the Reza Shah era, and the coup of 1953 put an end to democracy...
...many years before the coup, Isabel and Juan Peron ruled over a corrupt right-wing bureaucracy which maneuvered and stole with full support of the Peronist-dominated congress. Peron's policies had the tacit acceptance of the Argentine military as long as his (or Isabel's) regime would give the generals a free hand to attack the guerrilla and other left-wing movements. During the last few months of Mrs. Peron's regime, the military and right-wing paramilitary forces were waging an open war against the leftists while "Isabelita" was taking all the blame for economic paralysis and political...
RATHER MORE URGENT ISSUES than the Peron government's incompetence precipitated the March 24 coup. Argentine foreign debts of about $1 billion will be due at the end of May, and it is crucial that foreign creditors cooperate in extending repayment terms. Emilio Mondelli, the Peronist finance minister, had repeatedly pleaded with the International Monetary Fund (IMF) to borrow an additional $300 million to offset the country's trade imbalance. This request had repeatedly not been granted...
...includes (1) a free exchange rate; (2) selling state enterprises to private investors; (3) letting prices rise to their market levels; (4) cutting down on the state bureaucracy; (5) a tax reform emphasizing a value-added tax; and (6) eliminating restrictions on corporate profit levels. The day after the coup, the IMF released $110 million of the $300 million that Argentina had been requesting...
There were political as well as economic reasons for the March 24 coup. The two left-wing guerrilla groups (People's Revolutionary Army (ERP) and Montoneros) had in the last few months of Isabel Peron's government made some advances in the labor unions. These had traditionally been Peronist strongholds, but recent guerrilla actions had given the Marxist left renewed prestige and influence for the first time in 30 years. A number of industrialists had been kidnapped and ransomed for salary raises and other benefits for the workers. Since July 1974, the ERP had maintained a very active rural guerrilla...