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During World War II, Brazil was a staunch ally of the United States and sent an expeditionary force to Europe. The United States provided over $370 million in Lend-Lease grants, in return for free rent on air bases used to transport American soldiers and supplies across the Atlantic, and naval bases for anti-submarine operations.
Brazil's engagement in World War II can be viewed as more substantial than Japan's role in World War I. While Brazil's numerical and tactical contributions were greater during World War II, Japan was able to leverage its participation in World War I more effectively for political and strategic gains during the interwar years. [7] [9]
The economic history of Brazil covers various economic events and traces the changes in the Brazilian economy over the course of the history of Brazil. Portugal , which first colonized the area in the 16th century, enforced a colonial pact with Brazil, an imperial mercantile policy, which drove development for the subsequent three centuries. [ 1 ]
While Brazil did not see direct conflict, the effects of the war were quickly felt by its citizens. Brazil's economy was, and had been for decades, reliant on exporting coffee; by 1914, Brazil controlled around 80% of the world's coffee exports. [17] With the advent of the war, demand for coffee fell drastically.
The second presidency of Getúlio Vargas corresponds to the period of Brazilian political history that began on 31 January 1951, after he won the 1950 presidential election by direct vote with 3,849,040 against 2,342,384 for Eduardo Gomes, becoming the 17th President of Brazil; and ended on 24 August 1954, with his suicide and the vice-president, Café Filho, taking office.
Following the end of World War II, Vargas was forced by the military to re-democratize the country.However, the military feared that Vargas would suspend the elections like he had suspended the scheduled 1938 elections in 1937 and staged a preventative coup which prematurely removed Vargas from power on 29 October 1945 and installed a caretaker government led by José Linhares to ensure the ...
The occupation of the Amazon by Brazilians from other regions, especially the Northeast, was stimulated by the extraction of rubber for export to the United States, which had lost its supply from Southeast Asia as a result of World War II. These migrants, who became known as the "Rubber Soldiers", were inscribed in the Book of National Heroes ...
Brazil's economy saw great improvements in the 1920s. Although still dependent on coffee exports, the world prices for Brazil's coffee had more than doubled by 1925, with slight decline afterward. [3] [4] The economy saw turmoil with the Wall Street Crash of 1929, and coffee prices declined sharply as the economy failed. [5]