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 was growing. After four years, however, pro-US President Eurico Dutra wasted huge quantities of money protecting foreign, mostly US, industry, and distanced himself from the ideas of nationalism and modernization of the country championed by Vargas. Vargas returned to politics in 1951 and through a free and secret ballot was re-elected President of the Republic. Hampered by the economic crisis largely engendered by the policies of Dutra, Vargas pursued a nationalist policy, turning to the country's natural resources and away from foreign dependency. As part of this policy, he founded Petrobrás (Brazilian Petroleum), a large, multinational petroleum concern largely owned