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Dadme un balcn en cada pueblo y yo ser Presidente Jose M Velasco Ibarra- This quotation is one of the most popular or known internationally Having origin in a letter sent to Velasco inviting him to intervene in the campaign of someone elections but making clear that there wasnt any money for the campaign Velascos answer was well but you will give me a balcony If you give me one I will triumph So he did and get five times the Presidency of Ecuador this show us the power of his oratory that made move masses Oa Hombres Notables Jose Maria Velasco Ibarra was elected for his 5th and last Presidency that start in September 1st 1968 which he practice with the constitution of 1967 until June 22nd 1970 date in which he became dictator and deny the constitution that was ruling on and get valid the one of 1946 The rousing oratory that so easily made him win the elections can be contrasted with his inability to hold office Velasco govern at the beginning of the petroleum boom 1968-1972 for his campaign his working plans were to eliminate the humiliate conditions of farmers lives check periodically the petroleums contracts etc However he wanted to fulfil his working projects for the people And the oligarchy for sure would precipitated his fall Jose Maria Velasco Ibarras 5th Presidency suffered a coup d etat because of the declining economic situation and the lack of support from social and military sectors The catastrophic economic situation was overwhelming the monetary devaluation On 1970 the currency suffered an unexpected devaluation from 18 to 25 sucres per dollar Immediately the impugning and the defenders of the devaluation showed up There were more opinions against that in favor The devaluation of
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