Peru Antonio José de Sucre they defeated the larger Spanish army in the Battle of Junín on 6 August 1824 and the decisive Battle of Ayacucho on 9 December of the same year, consolidating the independence of Peru and Alto Peru. Alto Peru was later established as Bolivia. During the early years of the Republic, endemic struggles for power between military leaders caused political instability. From the 1840s to the 1860s, Peru enjoyed a period of stability under the presidency of Ramón Castilla, through increased state revenues from guano exports. However, by the 1870s, these resources had been depleted, the country
Economy of Peru policies with the so-called ´Fuji Shock´of August 7, 1990. Alberto Fujimori Fujimori ( ; born 28 July 1938) served as President of Peru from 28 July 1990 to 17 November 2000. A controversial figure, Fujimori has been credited with the creation of Fujimorism, defeating the Shining Path insurgency in Peru and restoring its macroeconomic stability. However, he was criticized for his authoritarian way of ruling the country (especially after 1992) and was accused of human rights violations. Even amid his prosecution in 2008 for crimes against humanity relating to his presidency, two-thirds of Peruvians polled voiced approval for his leadership