by lylelinHerbert Klein Historia De Bolivia Pdf Download
the moderates in turn were led by josé maría torres hurtado, who was also a member of the congress of the radical party. he was a moderate nationalist and a strong opponent of the war against the indians. as such he supported the thesis that the chaco war had been a blunder on the part of the oligarchy and a disastrous failure on the part of the bolivian army. he saw that the chaco war had pushed the indians more strongly into the arms of the leftists and into the role of revolutionary leaders, thus creating the chaco war veterans who were soon to lead the insurrection of 1952.
however, for the next five months the labor movement and the government remained on good terms. the labor minister, reforzado, was in close contact with the leaders of the bolivian federation of teachers (federacion boliviana de maestros, fbm), and even visited the association of the main teachers’ union in la paz on several occasions. both tejada and his minister, reforzado, were staunch supporters of the federation, and this led to the eventual withdrawal of the fot from the tejada government in august, 1936. meanwhile, the unions remained in general, if not friendly, collaboration with the government, and it was at this point, with the labor movement and the government on good terms and the fot planning to return to the cabinet, that the government struck. the clash that ensued resulted in the resignation of the tejada government, the return of the fot, and the final overthrow of the toro government. only seven months before, el diario had declared that the tejada sorzano government had given a new impetus to the country, and that bolivia esta de nuevo en el camino de la construcción. it was time, the newspaper argued, to put aside the old and to build a new future for bolivia.
it was now apparent that a showdown was imminent, and toro took advantage of the situation to institute his emergency budget. this, he said, was needed to prevent the government from crumbling under the economic pressure. he then went on to list all the measures which the government had taken, that is, what were considered to be the right measures. of particular note was the [fernando flores, bolivia: its economy and its future (new york: banta, hill & wang, n.d.), p. 71].
a few weeks later, on september 23, the government announced that the bolivian peso, which had been pegged to the u.s. dollar at bs. 200 to the dollar, was now valued at bs. 394 to the dollar, that is, the equivalent of a 50 per cent devaluation. the government also announced that it was willing to sell $400,000 worth of its paper on the new york market, thereby reducing the centralistas’ foreign debt considerably. toro, in an interview which appeared on the same day, admitted the risk of a complete breakdown of the government, but stated that the economic situation was nevertheless very satisfactory. 68
the reaction of the centralistas was immediate. former minister of finance, general diaz, made an official statement denouncing the new government measures as a fraud and declaring that the bolivian peso was now worth bs. 1,000 to the dollar. president toro then presented an official reply, declaring that the new measures were needed to prevent the collapse of the economy. he then stated that what had been done had been ordered in the interests of the bolivian people. the government had therefore decided to cease selling its dollar debt securities, to suspend the auction of gold, and to sell gold at bs. in case of a sudden rise in the value of the bolivian peso, the government would have to issue more paper money. it was his hope, he said, that the centralistas would now accept the measures as a political compromise, since if they did not, it would be necessary to suspend the government.
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