Brazilian Revolution of 1930 about the 1934 Constitution on the 10th anniversary of the 1930 Revolution (November 11, 1940), Vargas said that it was: From the 1937 Constitution, the authoritarian centralized regime (known as the Vargas Era) stimulated the expansion of urban activities and shifted the axis of productivity from agriculture to industry, laying the foundations of modern Brazil's economy. Vargas summarized the Revolution of 1930 and its 15 years of governance, on Labor Day in 1945, in a speech in Rio de Janeiro, by saying: Three former ministers of Getúlio Vargas were later elected to the Presidency: Eurico Dutra, João Goulart and Tancredo
Getúlio Vargas restrict foreign investment. In 1926, Washingtion Luis, a native of Macaé a city of Rio de Janeiro but he ran for São Paulo, was elected president. His election had been assisted by the political machine of Borges de Medeiros, and so he nominated one of that machine's members, Getulio Vargas, to be his Finance Secretary. Although Vargas was only to serve two years as Finance Secretary before returning to Rio Grande do Sul to become governor, he gained valuable recognition and experience on the national level. The Great Depression set off the tensions that had been building in Brazilian society