Allende's Economic Reforms

Salvador Allende, the Chilean president from 1970 to 1973, implemented significant economic reforms aimed at reducing inequality and empowering the poor. He nationalized key industries, including copper mining, which was previously dominated by foreign companies. These reforms aimed to redistribute wealth, provide social services, and increase wages. Allende also introduced land reforms to redistribute agricultural land from wealthy landowners to peasants. While these policies initially aimed to foster economic growth and social justice, they faced opposition, leading to economic instability, inflation, and ultimately a coup that ended Allende's government.