what we were not taught about Latin America in school for ourselves!
Better goddamned late than never!
(snip)
Last Updated: Thursday, 10 July, 2003, 15:14 GMT 16:14 UK
Country profile: Nicaragua
Never rich in the first place, Nicaragua is struggling to overcome the consequences of dictatorship, civil war and natural calamities, which have made it one of the poorest countries in the Western Hemisphere.
Lacking substantial mineral resources, Nicaragua has traditionally relied on agricultural exports to sustain its economy. But these benefited mainly a few elite families of Spanish descent, primarily the Somoza family, which ruled the country with US backing between 1937 and the Sandinista revolution in 1979.
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by 33.5% from its 1980 level, its infrastructure was in tatters and its modest tourism industry had all but collapsed. (snip/...)
The Sandinistas began redistributing property and made huge progress in the spheres of health and education. They won a decisive victory in 1984 elections, but their leftist orientation also attracted US hostility and drove them to turn to the USSR and Cuba.
This set the scene for a US-sponsored counter-revolution, which saw Washington arm and finance thousands of rebels, or Contras, in order to carry out attacks on Nicaragua from bases in Honduras. The US also imposed trade sanctions and mined Nicaraguan harbours.
By 1990, when the Sandinistas were defeated in elections held as part of a peace agreement, Nicaragua's per capita income had fallen by 33.5% from its 1980 level, its infrastructure was in tatters and its modest tourism industry had all but collapsed.
http://news.bbc.co.uk/2/hi/americas/country_profiles/1225218.stm