Election and Succession As President
Floriano Peixoto was an army Marshal when elected vice-president in February 1891. Later, in November 1891, he rose to the presidency following the resignation of Marshal Deodoro da Fonseca, the first president of Brazil. Floriano Peixoto came to the presidency in a difficult period of the new Brazilian Republic, which was in the midst of a general political and economic crisis made worse by the effects of the bursting of the Encilhamento economic bubble.
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