Independence and Stability: Chile gained independence in 1810 and remained politically stable till the 1973 coup.
Economic Hiccups
World War II: 🥇 Chile was the top dog in copper supply globally.
Catch? 🇺🇸 Most of the copper was processed in the USA, and they pocketed most of the money.
Post-war: 💹 Copper prices dropped. Chile tried patching things up by borrowing from abroad and printing money. Result? 💸 Inflation and economic problems.
Boom! Population Growth: In the 1960s, Chile saw its population shoot up by 1.5 million, which piled on the economic challenges.
Political Landscape: Three major groups after WWII:
Conservatives: "Let's keep things as they are!"
Liberals (Christian Democratic Party): "We need some tweaks here and there, like in education and taxes."
Radicals: "Shake things up! Nationalize copper and reform the land!" One of the standout radical groups? FRAP (Frente de Acción Popular). Their man for the job in 1958? Salvador Allende. But the winner? Jorge Alessandri Rodríguez, a middle-ground guy.
🇺🇸 US's Chess Game in Chile Before 1970
Keeping Allende at Bay: Before Nixon, the US had a clear goal – don’t let Allende win. They played their cards by:
💵 Funding Allende's political rivals.
📢 Amplifying anti-Allende messages.
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History HL
Chapter 25 - Kennedy To Carter (Cold War 1945-81)
Chile's Economic Rollercoaster From Copper Boom To Political Unrest
Independence and Stability: Chile gained independence in 1810 and remained politically stable till the 1973 coup.
Economic Hiccups
World War II: 🥇 Chile was the top dog in copper supply globally.
Catch? 🇺🇸 Most of the copper was processed in the USA, and they pocketed most of the money.
Post-war: 💹 Copper prices dropped. Chile tried patching things up by borrowing from abroad and printing money. Result? 💸 Inflation and economic problems.
Boom! Population Growth: In the 1960s, Chile saw its population shoot up by 1.5 million, which piled on the economic challenges.
Political Landscape: Three major groups after WWII:
Conservatives: "Let's keep things as they are!"
Liberals (Christian Democratic Party): "We need some tweaks here and there, like in education and taxes."
Radicals: "Shake things up! Nationalize copper and reform the land!" One of the standout radical groups? FRAP (Frente de Acción Popular). Their man for the job in 1958? Salvador Allende. But the winner? Jorge Alessandri Rodríguez, a middle-ground guy.
🇺🇸 US's Chess Game in Chile Before 1970
Keeping Allende at Bay: Before Nixon, the US had a clear goal – don’t let Allende win. They played their cards by:
💵 Funding Allende's political rivals.
📢 Amplifying anti-Allende messages.
Unlock the Full Content!
Dive deeper and gain exclusive access to premium files of History HL. Subscribe now and get closer to that 45 🌟