Juan Velasco Alvarado hardware. Relations between the United States and Peru were tense and even hostile, as soon as General Velasco and his junta took power. Just five days after Velasco seized power in 1968, the General began the nationalization of the Peruvian Economy with the expropriation and nationalization of the American International Petroleum Company (IPC) oil fields located in the northern Peruvian oil port and refinery of Talara, Piura, near the Peruvian border with Ecuador, Piura, being the region where Velasco was born. IPC was a subsidiary of Standard Oil, and although the claims over the IPC were ultimately resolved in negotiations
Juan José Alvarado led the party of the federal government under José Francisco Morazán Quezada and resisted the separation. On 5 April 1839 his troops were defeated by Nicaragua and to the troops of Morazán in the battle of Espiritu Santo in El Salvador. On 25 September 1839, at San Pedro Perulapán, the troops of Honduras surprised Francisco Ferrera, who was wounded and fled to Nicaragua. Although Alvarado stated that he withdrew for reasons of health, the political and military pressure from Morazán contributed to it. He died in Gracias. Juan José Alvarado Juan José Alvarado (1798–1857) was Supreme Director of Honduras from