Investment Incentives Quotes
The popularly elected president Salvador Allende was a left leaning socialist and Nixon wanted a right wing Government in place who would deal more firmly with the communists. General Augusto Pinochet thus came to power, murdered Allende, and instituted a reign of terror with death squads, torture and disappearances, that eventually led him to be indicted for crimes against humanity.
At the time, the economy was virtually controlled by the banks and others in the finance, as opposed to businesses that produced things or provided non-financial services to consumers and business which was that had prevailed ever since the Great Depression, when New Deal legislation controlled the banks, stock markets, and other facets of the financial industry.