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| VII. The Contemporary Period, 1945–2000 > D. Latin America, 1945–2000 > 2. South America, 1945–2000 > j. Brazil > 1986, Feb. 28 | ||||
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| CONTENTS · SUBJECT INDEX · BIBLIOGRAPHIC RECORD |
| The Encyclopedia of World History. 2001. |
| 1986, Feb. 28 | |
| The government introduced the Plan Cruzado, aimed at stopping inflation (which stood at 230 percent in 1985) by wage and price freezes. After some initial success, rampant inflation resumed. | 1 |
| Nov. 20 | |
| The regime introduced Plan Cruzado II. The new austerity program led to devaluation of the currency and price hikes. | 2 |
| Dec. 12 | |
| Two major union confederations, the Single Workers' Central (CUT) and the General Workers' Command (CGT), launched a general strike opposing the austerity plan. | 3 |
| 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. | |
| CONTENTS · SUBJECT INDEX · BIBLIOGRAPHIC RECORD | ||||
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