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Hailing from an upper-middle class background, Pinochet entered the military academy in Santiago at the age of 18, graduating three years later as a second lieutenant. By 1968 he had risen to the rank of brigadier general. In 1970, Salvador Allende, a Marxist, became president of Chile with the backing of the Christian Democrats, and began restructuring Chilean society along socialist lines. In the process he expropriated the US-owned copper-mining companies, alienating the US government and foreign investors. He further annoyed Washington by establishing relations with Cuba and Communist China, which the United States did not recognise at that time. As a result, America imposed tough economic sanctions and the CIA spent millions of dollars destabilising the Allende regime, much of it going into Pinochet's pockets. By 1972, the Chilean economy had collapsed. With no foreign investment, production had come to a standstill. There were widespread strikes, inflation, food shortages and civil unrest. With the backing of armed forces, Pinochet staged a military coup on 11 September 1973. It was bloody even by Latin American standards. The navy seized the key port of Valparaiso, while the army surrounded the presidential palace in Santiago. Allende refused to step down. When the palace was overrun a few hours later, he was found dead. It appears that he shot himself rather than face inevitable torture and execution.
Source and more info: Augusto Pinochet. WASHINGTON (Reuters) - President Barack Obama will seek billions of dollars for jobs and infrastructure in his 2013 budget, an appeal to voters that draws election-year battle lines over taxes and spending as Republicans slammed him for "debt, doubt and decline." Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 |
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