| The Encyclopedia of World History. 2001. |
| |
| |
| 1968, June 2 |
| | | In the elections, Dr. José Velasco Ibarra, four-time former president, led the field with about one-third of the popular vote. He assumed the presidency (Sept. 1). | 1 |
| | | 1969, March |
| | | Establishment of trade relations with the USSR. | 2 |
| | | 1970, Oct. 27 |
| | | Kidnapping of Gen. César Rohan Sandoval, chief of the air force, by guerrillas. Martial law was proclaimed, and Gen. Rohan was released a few days later (Nov. 1). | 3 |
| | | 1972, Feb. 15 |
| | | Fearing that popular candidate Assad Bucaram would be elected president, the military installed Gen. Guillermo Rodríguez Lara as president. Rodríguez Lara then expelled the American military mission and initiated a minor agrarian reform. | 4 |
| | | 1974, June 6 |
| | | Rodríguez Lara expropriated 4 million hectares of oil holdings from Texaco and Gulf. Although initially these expropriations and Ecuador's membership in OPEC led to a jump in government revenue, the foreign companies retaliated and forced reductions in the price and taxes on oil. | 5 |
| | | July 11 |
| | | All political parties and elections were suspended for a five-year period of “national development.” | 6 |
| |
| |
| |
| The Encyclopedia of World History, Sixth
edition. Peter N. Stearns, general editor. Copyright © 2001 by Houghton Mifflin Company. Maps by Mary Reilly, copyright © 2001 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
|
|
