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 Bautista Alvarado was born in Monterey, Alta California, to Jose Francisco Alvarado and María Josefa Vallejo. His grandfather Juan Bautista Alvarado accompanied Gaspar de Portolà as an enlisted man in the Spanish Army in 1769. His father died a few months after his birth and his mother remarried three years later, leaving Juan Bautista in the care of his grandparents on the Vallejo side, where he and Mariano Guadalupe Vallejo grew up together. They were both taught by William Edward Petty Hartnell, an English merchant living in Monterey. In 1827 the eighteen-year-old Alvarado was hired as secretary to the territorial legislature. In