Juan Velasco Alvarado Velasco at its helm as President. Velasco's administration articulated a desire to give justice to the poor through a regime of nationalization known as Peruanismo. Velasco's rule was characterized by left-leaning policies, which aimed to create a strong national industry to increase the international independence of Peru. To that end, he nationalised entire industries, expropriated companies in a wide range of activities from fisheries to mining to telecommunications to power production and consolidated them into single industry-centric government-run entities ("PescaPeru", "MineroPeru", "Petroperú", "SiderPeru","Centromin Peru", "ElectroPeru", "Enapu", "EnatruPeru", "Enafer", "Compañia Peruana de Telefonos", "EntelPeru", "Correos del Peru", etc.), and increased government
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