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History Of Ecuador (1925–1944)
This is a summary of the history of Ecuador from 1925 – 1944. The reformist officers initially named a governing junta consisting of prominent opponents of the Liberal plutocracy, but neither it nor a succeeding junta was able to consolidate the power necessary to govern effectively. In 1926 they named as provisional president Isidro Ayora, a dedicated reformer who, although married into one of the wealthiest coastal families, possessed a social conscience and the vision to see that reform would help preserve the status of the upper classes. Ayora quickly assumed dictatorial powers, with which he set out to institute reforms that were partly of his own making and partly the making of the League of Young Officers. An advisory mission from Princeton University, headed by Edwin W. Kemmerer, was invited to propose measures to reorganize Ecuador's fiscal and monetary structures. Its major accomplishment was the creation of the Central Bank of Ecuador, which replaced the privat ...
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Presidential Republic
A presidential system, or single executive system, is a form of government in which a head of government, typically with the title of president, leads an executive branch that is separate from the legislative branch in systems that use separation of powers. This head of government is in most cases also the head of state. In a presidential system, the head of government is directly or indirectly elected by a group of citizens and is not responsible to the legislature, and the legislature cannot dismiss the president except in extraordinary cases. A presidential system contrasts with a parliamentary system, where the head of government comes to power by gaining the confidence of an elected legislature. Not all presidential systems use the title of ''president''. Likewise, the title is sometimes used by other systems. It originated from a time when such a person personally presided over the governing body, as with the President of the Continental Congress in the early United S ...
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Ecuador
Ecuador ( ; ; Quechua: ''Ikwayur''; Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechua: ''Ikwadur Ripuwlika''; Shuar: ''Ekuatur Nunka''), is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. Ecuador also includes the Galápagos Islands in the Pacific, about west of the mainland. The country's capital and largest city is Quito. The territories of modern-day Ecuador were once home to a variety of Indigenous groups that were gradually incorporated into the Inca Empire during the 15th century. The territory was colonized by Spain during the 16th century, achieving independence in 1820 as part of Gran Colombia, from which it emerged as its own sovereign state in 1830. The legacy of both empires is reflected in Ecuador's ethnically diverse population, with most of its mill ...
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Ecuadorian–Peruvian War
The Ecuadorian–Peruvian War, known locally as the War of '41 ( es, link=no, Guerra del 41), was a South American border war fought between 5–31 July 1941. It was the first of three military conflicts between Ecuador and Peru during the 20th century. During the war, Peru occupied the western Ecuadorian province of El Oro and parts of the Andean province of Loja. Although the war took place during World War II, it is unrelated to that conflict, as neither country was supported by either the Allies or the Axis. A ceasefire agreement between the two countries came into effect on 31 July 1941. Both countries signed the Rio Protocol on 29 January 1942, and Peruvian forces subsequently withdrew. The enmity over the territorial dispute continued after 1942 and concluded following the Cenepa War of 1995 and the signing of the Brasilia Presidential Act agreement in October 1998. Background The territorial dispute between Ecuador and Peru dated from before Ecuador's independen ...
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Ecuador DMZ EN
Ecuador ( ; ; Quechua: ''Ikwayur''; Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechua: ''Ikwadur Ripuwlika''; Shuar: ''Ekuatur Nunka''), is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. Ecuador also includes the Galápagos Islands in the Pacific, about west of the mainland. The country's capital and largest city is Quito. The territories of modern-day Ecuador were once home to a variety of Indigenous groups that were gradually incorporated into the Inca Empire during the 15th century. The territory was colonized by Spain during the 16th century, achieving independence in 1820 as part of Gran Colombia, from which it emerged as its own sovereign state in 1830. The legacy of both empires is reflected in Ecuador's ethnically diverse population, with most of its million ...
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Plutocracy
A plutocracy () or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. Unlike most political systems, plutocracy is not rooted in any established political philosophy. Usage The term ''plutocracy'' is generally used as a pejorative to describe or warn against an undesirable condition. Throughout history, political thinkers and philosophers have condemned plutocrats for ignoring their social responsibilities, using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict and corrupting societies with greed and hedonism. Examples Historic examples of plutocracies include the Roman Empire, some city-states in Ancient Greece, the civilization of Carthage, the Italian merchant city states of Venice, Florence, Genoa, the Dutch Republic and the pre-World War II Empire of Japan (the ''zaibatsu''). According to Noam Chomsky and Jimmy Carter, th ...
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Salinas, Ecuador
Salinas is a coastal city located in the Santa Elena Province, Ecuador, Province of Santa Elena, Ecuador. It is the seat of the canton that bears its name. The westernmost city on mainland Ecuador, Salinas is an important tourism, tourist center. Salinas, Ecuador's largest coastal resort, offers one of the country's best real estate investment markets and most popular and most upscale beach lifestyle. It was the site of the ISA World Junior Surfing Games Ecuador in 2009. There are two major yacht clubs in Salinas, the first is Salinas Yacht Club, which is smaller than the Puerto Lucia Yacht Club, in Santa Elena, in an area known as 'La Libertad' which, in Spanish means 'The Freedom Town'. Puerto Lucia boasts a hotel, several restaurants, a private beach and apartment buildings, as well as the large marina and port. It was a small fishing village until June 30, 1929, when it was established as the rural parish of Santa Elena. On December 22, 1937, an official decree was signed by t ...
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Baltra Island
Baltra Island (Spanish language, Spanish: ''Isla Baltra''), is a small island of the Galápagos Islands. Also known as South Seymour (named after Lord Hugh Seymour), Baltra is a small flat island located near the center of the Galápagos. It was created by Tectonic uplift, geological uplift. The island is very arid and vegetation consists of salt bushes, prickly pear cactus and Bursera graveolens, palo santo trees. The ultimate origin of the name "Baltra" for the island is unknown. "Baltra (surname), Baltra" is a Spanish surname (particularly Chilean), so it is presumably named after a person. The name is first found in print in the 1927 edition of the ''South America Pilot'' by the British Admiralty; it was added after the 1915 edition, but the document explaining the source has been lost. The name is sometimes incorrectly believed to be an acronym used by the US military, though the term predates the US base. Airport During World War II, Baltra was established as a United Sta ...
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Federico Páez Chiriboga
Federico (; ) is a given name and surname. It is a form of Frederick, most commonly found in Spanish, Portuguese and Italian. People with the given name Federico Artists * Federico Ágreda, Venezuelan composer and DJ. * Federico Aguilar Alcuaz, renowned Filipino painter. * Federico Andahazi, Argentine writer and psychologist. * Federico Casagrande, Italian jazz guitarist * Federico Castelluccio, Italian-American actor who is most famous for his role as Furio Giunta on the HBO TV series, The Sopranos * Federico Cortese, Italian conductor, Music Director of the Boston Youth Symphony Orchestras and the Harvard Radcliffe Orchestra * Federico Elizalde, Filipino marksman and musician * Federico Fellini, Italian film-maker and director * Federico García Lorca, Spanish poet and playwright * Federico Luppi, Argentine film, TV, radio and theatre actor * Federico Ricci, Italian composer Athletes * Federico Bruno (born 1993), Argentine distance runner * Federico Chiesa, Italian fo ...
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Wall Street Crash Of 1929
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Amer ...
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Cocoa Bean
The cocoa bean (technically cocoa seed) or simply cocoa (), also called the cacao bean (technically cacao seed) or cacao (), is the dried and fully fermented seed of ''Theobroma cacao'', from which cocoa solids (a mixture of nonfat substances) and cocoa butter (the fat) can be extracted. Cocoa beans are the basis of chocolate, and Mesoamerican foods including tejate, an indigenous Mexican drink that also includes maize, and pinolillo, a similar Nicaraguan drink made from a cornmeal & cocoa powder. Etymology The word ''cocoa'' comes from the Spanish word , which is derived from the Nahuatl word . The Nahuatl word, in turn, ultimately derives from the reconstructed Proto-Mixe–Zoquean word ''kakawa''. Used on its own, the term ''cocoa'' may also mean: * Hot cocoa, the drink more known as ''hot chocolate'' Terms derived from ''cocoa'' include: * Cocoa paste, ground cocoa beans: the mass is melted and separated into: ** Cocoa butter, a pale, yellow, edible fat ** Cocoa s ...
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Central Bank Of Ecuador
The Central Bank of Ecuador (BCE, per its abbreviation in Spanish) is an institution of the Executive Function, which has institutional, administrative, financial, and technical autonomy. Is in charge of executing the monetary policy established by the Monetary Policy and Regulation Board of Ecuador, highest governing body of this institution since October 2021. Between 1927 and 2000, the Central Bank was in charge of issuing "Sucres" coins and banknotes, but this function ceased after the adoption of the US dollar as the country's legal currency on January 9, 2000. Currently, the objective of the Central Bank of Ecuador is to strengthen dollarization, guarantee technical autonomy and be at the service of the citizens. The BCE is the administrator of the international reserves contributing directly to preservation of economic stability. It promotes the use of monetary payment methods and fostering monetary education. Additionally the BCE generates macroeconomic statistics in a ...
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