Economic history of Peru market. By the mid-19th century, the reversal of the socioeconomic hierarchy was complete; Peru would not recover its Viceroyalty-era supremacy (Mahoney, 86). Peru embarked on a railroad building program. Henry Meiggs built a standard gauge line from Callao across the Andes to the Interior, Huancayo; striking for Cuzco he built the line but also bankrupted the country. In 1879, Peru entered the War of the Pacific which lasted until 1884. Bolivia invoked its alliance with Peru against Chile. The Peruvian Government tried to mediate the dispute by sending a diplomatic team to negotiate with the Chilean government, but the committee
Peru his pardon by President Pedro Pablo Kuczynski in 2017. Even after the president's regime, Fujimori's followers, called "Fujimoristas", have caused political turmoil for any opposing faction in power, even causing Pedro Pablo Kuczynski to resign in March 2018. The sovereign state of Peru is a representative democratic republic divided into 25 regions. It is classified as an emerging market with a high level of human development and an upper middle income level with a poverty rate around 19 percent. It is one of the region's most prosperous economies with an average growth rate of 5.9% and it has one of