In 1976, when Peru was nearly bankrupt, Citibank, Morgans, and othe...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
In 1976, when Peru was nearly bankrupt, Citibank, Morgans, and other banks imposed an austerity plan in exchange for a $400-million loan. Requiring a steep rise in food and gas prices, it provoked riots in Lima and new charges of dollar diplomacy. The banks were appalled by the backlash.
chapter: 32. Samba