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
Economy of Peru and what Toledo described as a personal friendship with President Bush. He received lavish praise from the American president for his economic and domestic security policies. During a visit to Peru, Bush announced the establishment of an Andean Center of Excellence for Teacher Training, with a base in Peru, and a fellowship program to give Andean professionals access to education in information technology. In June 2002, the U.S. agreed to forgive $14 million of Peru's debt in exchange for a promise to invest $12 million in conservation projects. In September, Toledo secured a $300 million commitment from Bush to fund