Salvador Allende Essay - 1712 Words

A nation’s sovereignty and self sufficiency is all dependent on said nation s economy, a nation with a doomed economy is bound to fall and fail its people. Such is the case with the South American country Chile, in 1973 under President Allende’s socialist regime. Salvador Allende was the short-lived president of Chile ruling from 1970 to 1973. During Allende’s reign, socialist destruction ensued, with crime breaking out frequently, complete totalitarian rule with all forms of media being regulated and controlled by a marxist government, a grief-stricken economy, as well as the abolition of all free trade, with tariffs up to 100%, extremely crippling the Chilean society and economy. As Chile was in shambles, it was inevitable a revolution†¦show more content†¦Jose Pinera of The Atlas Society exclaims that â€Å"From 1973 to 1989 (Pinochet’s years of ruling), a true revolution took place in Chile, involving a radical, comprehensive, and sustained move toward free markets. This Chilean revolution doubled Chile s historic rate of economic growth (to an average of 7 percent a year from 1984 to 1998 Pinochet’s final term), drastically reduced the proportion of people living in poverty.† (Pinera). Pinochet created a free market to allow businesses to operate in a non-marxist fashion, whilst also drastically decreasing the poverty rate by 7% each year for 14 years. Once Pinochet removed tariffs entirely, free trade was prevalent within Chile, making Chile a more advanced city economically. Tyler Cowen, writer for The Marginal Revolution states in his article â€Å"How Good Was Pinochet For The Chilean Economy?† that during Pinochet’s regime â€Å"Chile moved from very high tariffs to virtual free trade. The Chilean economy diversified and became far less dependent on copper; this included some moves to hi-tech and light industry.† (Cowen). Pinochet’s vigorous advancements of the Chilean ec onomy, including his removal of a marxist trade system, remarkably enhanced Chile’s economy, renewing it to a state of great strength, while also introducing new foreign products into Chile now that foreign trade was possible under a freeShow MoreRelatedAmerican Politics During The Nixon Administration1429 Words   |  6 PagesThis Extended Essay will examine how American domestic politics during the Nixon Administration influenced the role of the U.S and more specifically the C.I.A in their role in the Chilean coup of 1973. 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Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesPHILADELPHIA Temple University Press 1601 North Broad Street Philadelphia, Pennsylvania 19122 www.temple.edu/tempress Copyright  © 2010 by Temple University All rights reserved Published 2010 Library of Congress Cataloging-in-Publication Data Essays on twentieth century history / edited by Michael Peter Adas for the American Historical Association. p. cm.—(Critical perspectives on the past) Includes bibliographical references. ISBN 978-1-4399-0269-1 (cloth : alk. paper)—ISBN 978-1-4399-0270-7