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
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,