Brazil: Political & Economic Environment Essay

1259 WordsMar 8, 20126 Pages
Brazil: Political & Economic Environment Homework #3 Homework 3 i. Monumental Political Moments a. New Brazil The country was under military rule from 1964-1985 (Brazil: Maps, n.d.). Thanks to General Joao Baptista de Oliverira Figueirdo, Brazil returned to Democracy in 1985. Additionally the economic turmoil in the 1980’s helped speed up the military withdraw. The first civilian president, Tancredo Neves was elected in Jan 15, 1985 and was the first civilian president since 1964. Only to die a few moths later. José Sarney took over Presidency and implemented the commitment of Neves, including restoring direct elections by universal suffrage (Tancredo Neves, Brazil, n.d.). Sarny fought inflation and began to set up brazils new constitution. Brazil is a country that has seen rapid growth after the 21 years of military rule. Almost every economic stabilization plan for the first three years Brazil was undergoing a massive change failed. They could make the assertion that the Summer Plan worked but it didn’t inflation was still high. However, due to the failure of the plans implemented by Sarny they helped Brazil by building consensus among businesses and policy leaders to go in a different direction. Brazil getting out of military rule was extremely important. There were a variation of political, social, economic and moral crises going on during this time. Brazil was in absolute poverty. The Brazilian people were getting to use to military rule. Jose Sarny wrote in 1985, “Our financial reserves dwindled to nothing; in New York and London our checks were not accepted. Our production decreased, and a policy of salary cuts convulsed the country” (Sarny, J. (n.d.). b. Citizen Campaigns After Brazil became the Federative Republic of Brazil in 1988 a year later the first citizen’s campaign was held. The last time direct

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