| |
| 1988 |
| |
| After approximately 60,000 deaths during the war and serious shortages in basic foodstuffs, the country suffered from an annual inflation rate of 30,000 percent. | 1 |
| |
| 1989 |
| |
| Nicaragua's population reached 3,503,000. | 2 |
| |
| 1990, Feb |
| |
| In national elections, VIOLETA CHAMORRO, CANDIDATE OF THE NATIONAL OPPOSITION UNION (UNO), defeated FSLN candidate Ortega. With the nation in severe economic crisis and fearful of renewed U.S. support for the Contras in the event of a Sandinista victory, Chamorro took 55 percent of the vote to Ortega's 41 percent. UNO also won a narrow majority in the National Assembly. Chamorro quickly announced a severe austerity program. The FSLN kept control of the military and the unions. | 3 |
| |
| July |
| |
| The first major confrontation between Sandinista unions and Chamorro occurred with a ten-day general strike, which brought the unions wage increases and political concessions. | 4 |
| |
| Oct. 26 |
| |
| Chamorro announced plans for economic reconstruction and social reconciliation. Although embarking on a private sector–oriented plan, the government promised to respect all previous labor agreements and protect those who had benefited from urban and rural reform prior to Feb. 25, 1990. | 5 |
| |
| |
