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1961, Aug. 25 |
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Pres. Quadros resigned, saying that the forces of reaction blocked his effort to achieve economic and social progress. | 1 |
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Sept. 7 |
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V.P. João Goulart succeeded Quadros, after initial opposition by Brazil's three top military chiefs. Goulart supported agrarian reform, selected nationalizations, and legalization of the Communist Party, but he was circumscribed by a congressional amendment weakening the executive. | 2 |
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Sept. 29 |
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The regime introduced a law requiring the registration of foreign capital and banning profit remittances of more than 10 percent. Foreign, particularly American, investors opposed the measure, and during the next year investment dropped sharply. | 3 |
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