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Plutocratic regime. 1912 - 1925. FROM THE BOOM TO THE CRISIS. Banco Comercial Agricola supplied money to the State Francisco Urbina Jado – the owner of the country. FROM THE BOOM TO THE CRISIS. IMPORTANT ISSUE “MORATORIA” BANKS STOPPED SUPPOTING MONEY WITH GOLD
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Plutocratic regime 1912 - 1925
FROM THE BOOM TO THE CRISIS BancoComercial Agricola supplied money to the State Francisco UrbinaJado – the owner of the country
FROM THE BOOM TO THE CRISIS IMPORTANT ISSUE “MORATORIA” BANKS STOPPED SUPPOTING MONEY WITH GOLD RESULT: MONEY WITHOUT SUPPORT RESULT: INFLATION
EXPLAIN WHY INFLATION LED CACAO PRODUCERS TO THE CRISIS • STRATEGIES: • ANALYZE FACTS, CAUSES AND CONSEQUENCES • BRAINSTORM ARGUMENTS • ORGANIZE YOUR IDEAS (OUTLINE) • WRITE YOUR STATEMENT SOMETHING TO THINK ABOUT: IN 1920, ONE HUNDRED POUNS OF CACAO COST 26, 76 SUCRES. SIX MONTHS LATER, 5, 75 SUCRES.
PLUTOCRATIC PRESIDENCIES • LEONIDAS PLAZA SECOND PRESIDENCY • ALFREDO BAQUERIZO MORENO • JOSE LUIS TAMAYO
LEONIDAS PLAZA SECOND PRESIDENCY • FACTS • FACED A CIVIL WAR – CARLOS CONCHA COAST AND CARLOS ANDRADE HIGHLANDS • FOUGHT THEIR ENEMIES AND RULED BY FORCE • THE RAILROAD CUENCA / SANTA ELENA • MISION ACADEMICA ALEMANA • HOW DID PLAZA GET THE MONEY TO FIGHT THE REBELS?
ALFREDO BAQUERIZO MORENO • FACTS • FOLLOWED THE SAME TREND AS PLAZA • WAS THE FIRST PRESIDENT WHO VISIT THE GALAPAGOS ISLANDS • DESIGNED A SEWERAGE PLAN FOR GUAYAQUIL AND YELLOW FEVER ERADICATION • SET A BORDER AGREEMENT WITH COLOMBIA (TRATADO MUÑOZ VERNAZA-SUAREZ) • ABOLISHED PRISION FOR DEBT IN 1918 – LEGAL FOUNDATION OF “CONCERTAJE”
JOSE LUIS TAMAYO • FACED CACAO CRISIS, FIGHTING FOR BURGUESIA INTERESTS • COAST WENT FROM WEALTHNESS TO CRISIS • CONSEQUENCE: • NEW LABOR ORGANIZATIONS WERE CREATED • “FEDERACION DE TRABAJADORES REGIONAL DEL GUAYAS” • PEOPLE WERE UPSET, 1922 COMPANIA DEL FERROCARIL WORKERS STRIKE BEGAN A NATIONAL WORKER STRIKE • NOVEMBER 15TH, 1922 “CRUCES SOBRE EL AGUA” • Cruces sobre el agua
PLUTOCRACY FALLDOWN • GONZALO CORDOVA WON THE PRESIDENCY BY FRAUD IN 1924 • LUIS NAPOLEON DILLON LED THE POLITICAL OPPOSITION • IN 1925, THE STATE BOUGHT 75% OF THE RAILROAD COMPANY • IN 1925, A GROUP MILITAR OFFICERS FORMED “LIGA MILITAR” • PURPOSE: “TO SAVE HOMELAND EVEN WITH THEIR OWN SACRIFICE” • JULY 9TH, 1925. THERE WAS A COUP D’ETAT.
BUILDING A NATIONAL IDENTITY • BASED ON WHAT YOU KNOW FROM THE EARLY REPUBLIC UNTIL NOW • WHICH ARE THE MAIN CHARACTERISTICS OF ECUADORIAN IDENTITY? • BRAINSTORM IDEAS, PROS AND CONS TO START REACHING YOUR DEFINITION