Republic of North Peru Peru and North Peru reverted to being a unified Republic of Peru. The Peru-Bolivian Confederation was a plan that attempted to reunite the "Alto Perú" ("Upper Peru", now Bolivia) and "Bajo Perú" ("Lower Peru", now simply Peru) into a single political and economic entity. Marshal Andrés de Santa Cruz promoted an ambitious project to reunite this two territories on the basis of a confederacy. This integration was based not only on historical, cultural and ethnic reasons, but also on sound economic motives. The union was trying to restore the ancient commercial routes and promote a policy of open markets. As
History of Peru since most of the presidents that ruled the country were from the social elite. During Augusto B. Leguía's periods in government [1908–1912 and 1919–1930, the latter known as the "Oncenio" (the "Eleventh")], the entrance of American capital became general and the bourgeoisie was favored. This policy, along with increased dependence on foreign investment, focused opposition from the most progressive sectors of Peruvian society against the landowner oligarchy. There was a final peace treaty in 1929, signed between Peru and Chile and called the Treaty of Lima by which Tacna returned to Peru and Peru yielded permanently the formerly rich provinces