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
Juan Ramírez de Velasco Juan Ramírez de Velasco Juan Ramírez de Velasco (c.1539 – 1597) was a Spanish conquistador of Chile and Argentina. Founder of the province of La Rioja. Juan Ramírez de Velasco was born in the village of Estollo, son of a noble family of Castile, and descendant of the King of Navarre Ramiro Sánchez. In 1570 Ramirez was married in Seville with Catherine de Ugarte, a Spanish noblewoman, daughter of Pedro Santiago de Ugarte and Ana de Velasco. In his youth Ramírez fought in Flanders and Italy during the Italian War of 1551–59. Arrived in America Ramirez was appointed governor of