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
Provisional Revolutionary Government of the Republic of South Vietnam intelligence operatives arrested an influential anti-government organizer, Ba Tra. Ba Tra gave the South Vietnamese government extensive information on anti-government forces working in the city. This setback was compounded by his identification of one of the key cadre in the financial division. Under torture, Ba Tra identified more figures in the underground, who were then arrested. By 1967, the entire Saigon organization had been sent further underground. The Tet Offensive during 1968 triggered a wave of oppression, forcing many people into the jungle. These peoplebusinessmen, middle class, doctors and other professionals started The Alliance. The then-new American president, Richard Nixon,