Juan Velasco Alvarado Net Worth

Background and career

Juan Francisco Velasco Alvarado (June 16, 1910 – December 24, 1977) was a Peruvian general and politician who was the military leader of Peru from 1968 to 1975 after a successful coup d'état against Fernando Belaúnde's presidency. Under his government, nationalism, as well as some left-wing economic policies specifically concerning Peru's indigenous population, such as nationalization or agrarian reform were adopted. These policies were reversed after another coup d'état in 1975 led by his Prime Minister, Francisco Morales Bermúdez.

Velasco had a confrontational foreign policy towards the United States, as he pushed for renegotiation of treaties and criticized what he perceived as a pernicious dependence of Latin American states on the United States and strengthened relations with the Soviet Union. His foreign policy has been described as "third way." His reign was also described by Western analysts as "fascistic", "corporatist" or populist. The government denied to be fascistic however. Ideologically, he identified himself with socialism; once proclaiming that his government would be “a revolutionary government that is neither capitalist nor communist but authentically Peruvian—humanist, freedom loving, socialist and Christian.” Additionally, Velasco advocated what he called “ a social democracy of full participation.”