Juan Velasco Alvarado Velasco at its helm as President. Velasco's administration articulated a desire to give justice to the poor through a regime of nationalization known as Peruanismo. Velasco's rule was characterized by left-leaning policies, which aimed to create a strong national industry to increase the international independence of Peru. To that end, he nationalised entire industries, expropriated companies in a wide range of activities from fisheries to mining to telecommunications to power production and consolidated them into single industry-centric government-run entities ("PescaPeru", "MineroPeru", "Petroperú", "SiderPeru","Centromin Peru", "ElectroPeru", "Enapu", "EnatruPeru", "Enafer", "Compañia Peruana de Telefonos", "EntelPeru", "Correos del Peru", etc.), and increased government
Juan Fernández de Velasco, 5th Duke of Frías Juan Fernández de Velasco, 5th Duke of Frías Juan Fernández de Velasco, 5th Duke of Frías ( – 15 March 1613) was a Spanish nobleman and diplomat. Juan Fernández de Velasco was the son of Íñigo Fernández de Velasco; and of Maria Angela de Aragón y Guzmán El Bueno. He inherited his father's title of Constable of Castile, and was present at the signing of the Treaty of London (1604). Juan Fernández de Velasco was also Governor of the Duchy of Milan in the period 1592–1600 and 1610–1612. In 1595, he led the Spanish forces in the Battle of Fontaine-Française