Juan Velasco Alvarado of the Velasco administration's economic policies is still debated today. As the Peruvian military government ran deeper into debt, it was forced to devalue the currency and run inflationary policies. This however, was in part due to the 1970s Energy Crisis, which also affected Peru and made it impossible for the Velasco administration to fund some of its most ambitious reforms. In foreign policy, in contrast with his 1970s Latin American contemporaries, which were mostly right-wing military dictatorships, he pursued a partnership with the Soviet bloc, tightening relations with Cuba and Fidel Castro and undertaking major purchases of Soviet military
People's Revolutionary Government (Grenada) People's Revolutionary Government (Grenada) The People's Revolutionary Government (PRG) was proclaimed on 13 March 1979 after the New Jewel Movement overthrew the government of Grenada in a revolution. The government suspended the constitution and ruled by decree until a factional conflict broke out, culminating in a United States military intervention on 25 October 1983. The New Jewel Movement (NJM) under the leadership of Maurice Bishop was the main opposition party in Grenada during the 1970s. In 1979, the NJM overthrew the government of Eric Gairy, which had ruled the country since independence in 1974. The NJM launched an armed takeover