Economic Distress
In the late 1950s, partly because of a decrease in demand in the world market for agricultural products, Uruguay began having economic problems, which included inflation, mass unemployment, and a steep drop in the standard of living for Uruguayan workers. This led to student militancy and labor unrest.
Read more about this topic: History Of Uruguay
Famous quotes containing the words economic and/or distress:
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (1899–1961)
“All great movements are popular movements. They are the volcanic eruptions of human passions and emotions, stirred into activity by the ruthless Goddess of Distress or by the torch of the spoken word cast into the midst of the people.”
—Adolf Hitler (1889–1945)