Crisis Of 1982
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Crisis Of 1982
image:Economic growth of Chile.PNG, Growth rate of Chile's GDP (orange) and Latin America (blue) between 1971 and 2007 The Crisis of 1982 was a major economic crisis suffered in Chile during the military government of Chile (1973–1990). La transformación económica de chilena entre 1973-2003'. Memoria Chilena. Chile's GDP fell 14.3%, and unemployment rose to 23.7%. Background After the socialist reorientation of the economy during the presidency of Salvador Allende, economic sabotage by the Richard Nixon, Nixon presidency, and the subsequent Chilean economic crisis which reached its zenith during 1973,''Historia contemporánea de Chile III. La economía: mercados empresarios y trabajadores.'' 2002. Gabriel Salazar and Julio Pinto. pp. 35–62. the Armed Forces following the orders of the military junta and with the support of the United States government made a 1973 Chilean coup d'état, Coup d'état and demobilized the forces loyal to Allende like the Revolutionary Left Moveme ...
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Economic Growth Of Chile
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarcity, scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two grou ...
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Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income." The borrower wants, or needs, to have money sooner rather than later, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Banco De Fomento De Valparaíso
Banco may refer to: Places * Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro * Banco, Virginia, an unincorporated community * Banco, West Virginia, an unincorporated community * Banco National Park, a national park in Côte d'Ivoire * Banko, Guinea, a town and sub-prefecture in the Dabola Prefecture in the Faranah Region * Banko, Mali, a rural commune and village in the Cercle of Dioïla in the Koulikoro Region * Banko, a town in the Sekyere Kumawu district og Ghaba Arts and architecture * ''Banco'' (Banco del Mutuo Soccorso album), 1975 album by Italian progressive rock band Banco del Mutuo Soccorso * ''Banco'' (Sir Michael Rocks album), 2014 album by American rapper Sir Michael Rocks * ''Banco'' (novel), 1972 autobiography by Henri Charrière * Banco architecture, a West African type of mudbrick, and the architecture made with it * Banco (building material); fermented mud; made by fermenting mud with rice husks * Banco (typeface), a dec ...
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Banco De Linares
Banco may refer to: Places * Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro * Banco, Virginia, an unincorporated community * Banco, West Virginia, an unincorporated community * Banco National Park, a national park in Côte d'Ivoire * Banko, Guinea, a town and sub-prefecture in the Dabola Prefecture in the Faranah Region * Banko, Mali, a rural commune and village in the Cercle of Dioïla in the Koulikoro Region * Banko, a town in the Sekyere Kumawu district og Ghaba Arts and architecture * ''Banco'' (Banco del Mutuo Soccorso album), 1975 album by Italian progressive rock band Banco del Mutuo Soccorso * ''Banco'' (Sir Michael Rocks album), 2014 album by American rapper Sir Michael Rocks * ''Banco'' (novel), 1972 autobiography by Henri Charrière * Banco architecture, a West African type of mudbrick, and the architecture made with it * Banco (building material); fermented mud; made by fermenting mud with rice husks * Banco (typeface), a dec ...
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Banco Español Chile
Banco may refer to: Places * Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro * Banco, Virginia, an unincorporated community * Banco, West Virginia, an unincorporated community * Banco National Park, a national park in Côte d'Ivoire * Banko, Guinea, a town and sub-prefecture in the Dabola Prefecture in the Faranah Region * Banko, Mali, a rural commune and village in the Cercle of Dioïla in the Koulikoro Region * Banko, a town in the Sekyere Kumawu district og Ghaba Arts and architecture * ''Banco'' (Banco del Mutuo Soccorso album), 1975 album by Italian progressive rock band Banco del Mutuo Soccorso * ''Banco'' (Sir Michael Rocks album), 2014 album by American rapper Sir Michael Rocks * ''Banco'' (novel), 1972 autobiography by Henri Charrière * Banco architecture, a West African type of mudbrick, and the architecture made with it * Banco (building material); fermented mud; made by fermenting mud with rice husks * Banco (typeface), a dec ...
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Banco De Talca
Banco de Talca (''Bank of Talca'') was a Chilean bank founded in 1884, whose headquarters were in the city of Talca. Most of its operations were concentrated in the Maule and Metropolitan regions. In 1981 it was intervened by the Government and liquidated the following year, due to the debts contracted by the institution and of which its board of directors was accused of fraud. History Beginnings Banco de Talca was officially constituted on September 17, 1884 with a capital of 1 million pesos of the time (issued by 2000 shares of 500 pesos each), a gigantic figure at that time, contributed by 32 men and 9 women of renown in the province. While its bylaws were approved by the Ministry of Finance on October 27 of the same year, on June 20, 1885 it was declared legally installed and it was set as the start date of operations on July 1 of the same year, opening its doors the next day. The first board of directors of the bank was made up of Jerónimo de la Cruz, Urcisino Opazo, José ...
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Jornadas De Protesta Nacional
Jornadas de Protesta Nacional (lit. Days of National Protest) were a series of massive protests against the military dictatorship of Chile. The May 1983 protest was initially called by copper miners in northern Chile but grew top encompass large sectors of civil society. According to historians Gabriel Salazar and Julio Pinto Julio Pinto Vallejos (born 1956) is a Chilean historian. He is known in Chile for his study of social history and interpretations of social movements. In 2016 he won the Chilean National History Award. He is a member of the editorial board of LOM ... it was the economic crisis of 1982 that triggered people to protests despite the severe repression of the Pinochet regime. References {{reflist Protests in Chile May 1983 events in South America 1983 in Chile 1984 in Chile 1985 in Chile 1986 in Chile Military dictatorship of Chile (1973–1990) ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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IANSA (company)
IANSA (from ''Industria Azucarera Nacional'') is a Chilean sugar grower, refiner, and manufacturer of sweeteners and sugar products. It also produces fruit juices, tomato paste, and pet and animal food. IANSA was founded in 1953 as a government-run CORFO. It was pushed to privatize under the economic policies of dictator Augusto Pinochet. After the Crisis of 1982 image:Economic growth of Chile.PNG, Growth rate of Chile's GDP (orange) and Latin America (blue) between 1971 and 2007 The Crisis of 1982 was a major economic crisis suffered in Chile during the military government of Chile (1973–1990). La tran ..., the company went bankrupt, but continued its privatization, which was completed by 1988. In September 2015, the English ED&F Man bought 100% of IANSA, but the following year it was seen to be in crisis, since it generated "barely 51 million" US dollars, "compared to a profit of more than US$4,000 million for the last year". Hence, in 2017, ED&F Man announced a five-yea ...
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Financial Speculation
In finance, speculation is the purchase of an asset (a commodity, good (economics), goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline in value.) Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bond (finance), bonds, commodity futures, currency, currencies, fine art, collectibles, real estate, and derivative (finance), derivatives. Speculators play one of four primary roles in financial markets, along with hedge (finance), hedgers, who engage in transactions to offset some other pre-existing risk, arbitrageus who seek to profit from situations where Fungibility, fungible instruments trade at different prices in different market segments, and investors who s ...
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Employment Programme
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by employment laws, organisation or legal contracts. Employees and employers An employee contributes labour and expertise to an endeavor ...
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