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
Doris Gibson asked for its return, she responded, "I don't want to be nude in your house." Gibson started the weekly news magazine "Caretas" in 1950, using 10,000 soles which her uncle had lent her, along with a room and a typewriter. The first issue appeared in October 1950, but before the end of the year her operation was shut down by then-dictator Manuel A. Odría (1948–1956). This pattern became familiar: the operation was closed five times by the government of Juan Velasco Alvarado (1975–1980) (in October 1969 Velasco ordered the arrest and deportation [to Spain] of then-editor Enrique Zileri Gibson). The