Chilean Nationalization Of Copper
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Chilean Nationalization Of Copper
The nationalization of the Chilean copper industry, commonly described as the Chileanization of copper ( es, Chilenización del cobre) was the process by which the Chilean government acquired control of the major foreign-owned section of the Chilean copper mining industry. It involved the three huge mines known as 'La Gran Mineria' and three smaller operations. The Chilean-owned smaller copper mines were not affected. The process started under the government of President Carlos Ibáñez del Campo, and culminated during the government of President Salvador Allende, who completed the nationalization. This "act of sovereignty" was the espoused basis for a later international economic boycott, which further isolated Chile from the world economy, worsening the state of political polarization that led to the 1973 Chilean coup d'état. The mines involved in the nationalization By the late 1950s, the three principal copper mines in Chile were Chuquicamata, El Salvador, and El Teniente. C ...
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Copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable metallic form ( native metals). This led to very early human use in several regions, from circa 8000 BC. Thousands of years later, it was the first metal to be smelted from sulfide ores, circa 5000 BC; the first metal to be cast into a shape in a mold, c. 4000 BC; and the first metal to be purposely alloyed with another metal, tin, to create ...
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ENAMI (Chile)
Empresa Nacional Minera (ENAMI EP) is an Ecuadorian state-owned mining company based in Quito. It was created in 2010 by a decree signed by the President of Ecuador, Rafael Correa. ENAMI operates the Rio Santiago and the Pacto gold mines; and has a partnership with the Chilean company Codelco to develop several copper deposits. The Junin deposit, located in the Intag region, was previously explored by Mitsubishi and Canada's Ascendant Copper Corp. Ascendant lost its concession due to questions about the legality of its claims and opposition from local residents. According to Rainforest Rescue, ENAMI plans to exploit copper reserves in rainforest Rainforests are characterized by a closed and continuous tree canopy, moisture-dependent vegetation, the presence of epiphytes and lianas and the absence of wildfire. Rainforest can be classified as tropical rainforest or temperate rainfores ...s. References {{reflist Mining companies of Ecuador ...
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Chile Under Allende
Salvador Allende was the president of Chile from 1970 until his 1973 suicide, and head of the Popular Unity government; he was a Socialist and Marxist elected to the national presidency of a liberal democracy in Latin America.Don MabryAllende's Rise and Fall''. In August 1973 the Chilean Senate declared the Allende administration to be "unlawful," Allende's presidency was ended by a military coup before the end of his term. During Allende's three years, Chile gradually transitioned into a socialist state. During his tenure, Chilean politics reached a state of civil unrest amid, political polarization, hyperinflation, lockouts, economic sanctions, CIA-sponsored interventionism and a failed coup in June 1973. Allende's coalition, Unidad Popular, faced the problem of being a minority in the congress and it was plagued by factionalism. On 11 September 1973, a successful coup led by General Augusto Pinochet overthrew the government of Allende. During the bombing of the presi ...
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Economic History Of Chile
The economy of Chile has shifted substantially over time from the heterogeneous economies of the diverse indigenous peoples to an early husbandry-oriented economy and finally to one of raw material export and a large service sector. Chile's recent economic history (since 1973) has been the focus of an extensive debate from which neoliberalism acquired its modern meaning. Chile emerged into independence as a rural economy on what was the periphery of the Spanish Empire. A period of relative free trade that began with independence in the 1810s brought a modernizing development of certain sectors of the Chilean economy. This was accompanied by formation of a local business class, a novelty in Chile. Chile experienced its first modern economic crisis with the Long depression in the 1870s. The exploitation of lucrative nitrate deposits of the north conquered in the War of the Pacific (1879–1884) marked a whole epoch in the history of Chile and the economic legacy of nitrate has been w ...
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Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ...
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New Left Review
The ''New Left Review'' is a British bimonthly journal covering world politics, economy, and culture, which was established in 1960. History Background As part of the British "New Left" a number of new journals emerged to carry commentary on matters of Marxist theory. One of these was ''The Reasoner,'' a magazine established by historians E. P. Thompson and John Saville in July 1956. A total of three quarterly issues was produced. This publication was expanded and further developed from 1957 to 1959 as ''The New Reasoner,'' with an additional ten issues being produced. Another radical journal of the period was ''Universities and Left Review'', a publication established in 1957 with less of a sense of allegiance to the British communist tradition. This publication was more youth-oriented and pacifist in orientation, expressing opposition to the militaristic rhetoric of the Cold War, voicing strong opposition to the 1956 Suez War, and support for the emerging Campaign for Nuclea ...
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Foreign Exchange Market
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: USD 1 is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works thro ...
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Augusto Pinochet
Augusto José Ramón Pinochet Ugarte (, , , ; 25 November 1915 – 10 December 2006) was a Chilean general who ruled Chile from 1973 to 1990, first as the leader of the Military Junta of Chile from 1973 to 1981, being declared President of the Republic by the junta in 1974 and becoming the ''de facto'' dictator of Chile, and from 1981 to 1990 as ''de jure'' President after a new Constitution, which confirmed him in the office, was approved by a referendum in 1980. His rule remains the longest of any Chilean leader in history. Huneeus, Carlos (2007)Las consecuencias del caso Pinochet en la política chilena Centro de. Estudios de la Realidad Contemporánea. Augusto Pinochet rose through the ranks of the Chilean Army to become General Chief of Staff in early 1972 before being appointed its Commander-in-Chief on 23 August 1973 by President Salvador Allende. On 11 September 1973, Pinochet seized power in Chile in a coup d'état, with the support of the US, Winn, Peter. 2010 ...
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United States Department Of State
The United States Department of State (DOS), or State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations. Equivalent to the ministry of foreign affairs of other nations, its primary duties are advising the U.S. president on international relations, administering diplomatic missions, negotiating international treaties and agreements, and representing the United States at the United Nations conference. Established in 1789 as the first administrative arm of the U.S. executive branch, the State Department is considered among the most powerful and prestigious executive agencies. It is headed by the secretary of state, who reports directly to the U.S. president and is a member of the Cabinet. Analogous to a foreign minister, the secretary of state serves as the federal government's chief diplomat and representative abroad, and is the first Cabinet official in the order of precedence and in the pres ...
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El Salvador, Chile
El Salvador is a mining town in the commune of Diego de Almagro, Chañaral Province, Atacama Region, Chile. Located at an elevation of more than 2,400 meters in the foothills of the Andes and in the middle of the Atacama Desert, it has a population of approximately 7,000 inhabitants. At its peak, El Salvador once had a population of 34,000 inhabitants. Development and economy El Salvador's economy is entirely based on copper mining. The Atacameños extracted copper from this area for more than a thousand years. Nevertheless, it was American explorations in the 1950s that revealed the presence of ore that could be exploited in an industrial scale. Anaconda Copper Mining Company was concerned about declining reserves in its Potrerillos mine and it sent prospectors in search of a new Chilean ore body in 1951. Working under the auspices Anaconda's Andes Mining subsidiary, the mineralization was discovered in 1954 and mapped in 1955. As a remote discovery, Anaconda had to build El S ...
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Federal Government Of The United States
The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic located primarily in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where most of the federal government is based), five major self-governing territories and several island possessions. The federal government, sometimes simply referred to as Washington, is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively. The powers and duties of these branches are further defined by acts of Congress, including the creation of executive departments and courts inferior to the Supreme Court. Naming The full name of the republic is "United States of America". No other name appears in the Constitution, and this i ...
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American Imperialism
American imperialism refers to the expansion of American political, economic, cultural, and media influence beyond the boundaries of the United States. Depending on the commentator, it may include imperialism through outright military conquest; gunboat diplomacy; unequal treaties; subsidization of preferred factions; regime change; or economic penetration through private companies, potentially followed by diplomatic or forceful intervention when those interests are threatened. The policies perpetuating American imperialism and expansionism are usually considered to have begun with "New Imperialism" in the late 19th century, though some consider American territorial expansion at the expense of Native Americans to be similar enough in nature to be identified with the same term. While the United States has never officially identified itself and its territorial possessions as an empire, some commentators have referred to the country as such, including Max Boot, Arthur M. Schlesi ...
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