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 Bautista Alvarado Juan Bautista Alvarado Juan Bautista Valentín Alvarado y Vallejo (February 14, 1809 – July 13, 1882) was a Californio and Governor of Las Californias from 1837 to 1842. In 1836, he led a coup that seized Monterey and declared himself governor, backed by other northern Californios, with help from Capt. Isaac Graham and his "Tennessee Rifles". Alvarado declared independence for California but, after negotiations with the territorial "Diputación" (Legislature), was persuaded to rejoin Mexico peacefully in exchange for more local autonomy. As part of the agreement, in 1837 he was appointed governor of Las Californias, and served until 1842. Alvarado