These takeover ploys connected with Trujillo's interfering in the internal matters of adjacent nations, resulted in more and more U.S. dissatisfaction with the autocrat of the Dominican Republic. (History of the Dominican Republic)
The Trujillo administration for more than thirty years made massive spending in building infrastructure, however, the despot himself, his family, and his associates cornered the major part of the monetary gains. Trujillo's chief avenues of gaining his riches were the national sugar industry that he speedily scaled up during the 1950s in spite of a subdued global market. In the route to setting up his massive fortune, he evicted farmers from their land, plundered the state treasury, and built a private estate akin to those of Somoza and the Duvelier families in Nicaragua and Haiti, respectively. Prior to his murder in 1961, Trujillo and his close aides allegedly had more than 600,000 hectares of fertile land and 60% of country's sugar, cement, tobacco, and shipping assets. This huge wealth covered eighty-seven enterprises, covering twelve of the nation's fifteen sugar mills. Even though the economy enjoyed balanced progress under Trujillo's regime, approximately 6% annually during the 1950s, the uneven sharing of that growth made the rural Dominicans poor as deeply as were an of the equivalents in other regions of the Western Hemisphere. (Dominican Republic: Growth and Structure of the Economy)
Trujillo clung on to power for more than 30 years; however, towards the final stages of his regime, he was successful in distancing his most ardent followers that included the U.S. also. When he breathed his last on May 20, 1961, he was among the wealthiest men in the universe, having hoarded a private fortune projected to be more than $500 million U.S. dollars, including possession of majority of the big industries of the nation and an important segment of the productive farmlands, when the economy too. (History of the Dominican Republic) Following the killing of Trujillo, his Vice President during that period, Dr. Joaquin Balaquer, assumed charge of the presidency. After one and half year, Juan Bosch belonging to the Dominican Revolutionary Party assumed the office of the President. (Dominican Republic: U.S. Department of State Post Reports)
The time between Trujillo's killing and the civil war which took place in 1965 was disordered financially and politically as well. A state of flux impelled escape of capital. Whereas the burden on spending went up primarily due to social programs when Juan Bosch Gavino was the President, bureaucratic turmoil hindered the collection of required revenues. The economy of the nation was sustained by some degree through concoction of cash from overseas in the shape of foreign aid, primarily from the United States and loans. (Dominican Republic: Growth and Structure of the Economy) the socialist program of Bosch was adjudged to be very strict by the U.S. who during that time was suspicious about the potential popularity of the Communism following Fidel Castro's revolution in Cuba that was immensely successful.
The next 2 years witnessed political and economic confusion in the Dominican Republic. This came to an end while the disgruntled working classes, teamed up with a breakaway section of the Army, revolted and took steps to again set up constitutional order on April 24, 1965. After a year, the erstwhile leader Dr. Joaquin Balaquer was again appointed as President, with the U.S. support, which everybody believed that the election was manipulated. (History of the Dominican Republic) the time period from middle of 1960s to the middle of 1970s was manifested by speedier economic development and growth. Rising prices of petroleum and lowering prices for fundamental Dominican exports, nevertheless, played a part to a lull in the domestic economic growth starting in the later part of 1970s. (Dominican Republic: U.S. Department of State Post Reports)
Initiating in 1970, revenues calculated as a percentage of GDP came down continuously. Even since the year 1970 there is a sharp decline in the ratio of expenditure, as a result of the decrease in revenues as proportion to the total output. Declined revenues called upon an equivalent decline in the proportionate spending on social services that worsened the position of poorer Dominicans. (Country Studies: Economic Policy) Dominican citizens demonstrated their verdict of change by electing Dr. Antonio Guzman of the Dominican Revolutionary Party or PRD in the election of 1978. Guxman committed suicide prior to completion of his four-year tem during 1982 understanding the fact of involvement of close family members in rampant corruption and misappropriation of government money. (History of the Dominican Republic) Paradoxically,...
Dominican Republic (DR) Demographic Profile Location: The Dominican Republic is located in the Caribbean, on the eastern two-thirds of the island of Hispaniola, between the Caribbean Sea and the North Atlantic Ocean, east of Haiti. Area: Total: 48,730 sq km; Land: 48,380 sq km; Water: 350 sq km. Climate: The climate is considered tropical maritime, meaning it has little seasonal temperature variation and seasonal variation in rainfall. Natural resources: Nickel, bauxite, gold, and silver. Land use:
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