Word: goulart
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Dates: during 1980-1989
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...mediator, Neves had once before been called upon at a crucial juncture in Brazilian history. In 1961 the country's generals grew restless under a populist President, Joao Goulart. Neves was asked to take the newly created job of Prime Minister, thus diluting Goulart's power. By accepting, he helped preserve civilian rule a little longer. Two years after Neves stepped down in 1962, Goulart was overthrown in a coup. The military ruled until Neves won the presidency last January...
After subsiding for nearly a decade, inflation is now racing upward at the stunning annual rate of 106.8%. Ironically, that is even a little higher than the rate that prompted Brazil's generals in 1964 to overthrow duly elected President Joáo Goulart and establish a military dictatorship. Meanwhile, the Brazilian cruzeiro continues to plummet in value-from 26 to 54 per $1 during the past twelve months. Unemployment is climbing, and only a fraction of the young people entering the labor pool each year ever find jobs. One consequence: alarming crime rates in the ever more overcrowded...