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During García's administration, the per-capita annual income of Peruvians fell to $720, which was below 1960 levels, and Peru's GDP dropped by 20%. By the end of his term, the national reserves cumulatively were $900 million in debt. [7] García's term was also characterized by heavy increases in poverty.
The history of Peru between 1919 and 1930 corresponds to the second presidency of Augusto B. Leguía, who won the elections of 1919 but soon after took power through a coup d'état as president-elect on July 4 of the same year.
The tax resistance by foreign miners was successful. The tax was repealed by the end of 1850, though a smaller ($4/month) tax was reapplied to Chinese miners in 1852, and some particularly unscrupulous tax collectors continued to extort the tax from foreign miners even when it was no longer legal to do so.
Pre-Columbian Peru: 12000 BCE–1532: Ancient civilizations: 3500 BCE–1470: Inca Empire: 1438–1533/1572: Spanish conquest: 1532–1572: Viceroyalty: 1542–1824
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The history of Peru spans 15 millennia, [1] extending back through several stages of cultural development along the country's desert coastline and in the Andes mountains. Peru's coast was home to the Norte Chico civilization, the oldest civilization in the Americas and one of the six cradles of civilization in the world.