History of Peru since most of the presidents that ruled the country were from the social elite. During Augusto B. Leguía's periods in government [1908–1912 and 1919–1930, the latter known as the "Oncenio" (the "Eleventh")], the entrance of American capital became general and the bourgeoisie was favored. This policy, along with increased dependence on foreign investment, focused opposition from the most progressive sectors of Peruvian society against the landowner oligarchy. There was a final peace treaty in 1929, signed between Peru and Chile and called the Treaty of Lima by which Tacna returned to Peru and Peru yielded permanently the formerly rich provinces
Peru at the Olympics is not known with certainty what exactly happened at Germany, but it is popularly believed that Adolf Hitler and the Nazi authorities might have had some involvement in this situation. After 24 years, Peru once again qualified for the football tournament at the 1960 Summer Olympics held in Rome with their U-23 football team. The team started out with a surprise as Angel Uribe scored a 1st-minute goal against France. Peru would go on to lose 2-1 against the French, and were later beaten by Hungary in a result of 6-2, with only Alberto Ramírez scoring goals for the "Blanquirroja".