Victor Paz Estenssoro Biography

The Revolutionary Nationalist Movement is founded in by Victor Paz Estenssoro and Hernan Siles Zuazo

Appointed Party Leader of the MNR

Estenssoro founds the MNR

Forced to handover power to a 10 man military Junta

Paz Estenssoro wins the presidential election but is prevented from taking office.

Paz Estenssoro returns from exile after the MNR's revolutionary victory.

Paz Estenssoro leads the first MNR government created by the 1952 Revolution.

Paz Estenssoro begins his first presidency after the National Revolution.

The revolutionary government recognises the newly created Bolivian Workers Central.

Paz Estenssoro's government establishes universal adult suffrage.

Paz Estenssoro creates COMIBOL to administer state mining operations.

Paz Estenssoro nationalises the major tin-mining groups and transfers them to state control.

The MNR government nationalises the major tin mines and creates COMIBOL

Paz Estenssoro decrees agrarian reform to redistribute hacienda lands.

Paz Estenssoro leads a second MNR administration focused on economic stabilisation.

Paz Estenssoro begins his second presidential term.

Paz Estenssoro promulgates a constitution reflecting reforms of the National Revolution.

Paz Estenssoro obtains a constitutional amendment permitting immediate presidential re-election.

Paz Estenssoro begins a third term before the armed forces overthrow him in November.

Paz Estenssoro wins re-election with Barrientos as his vice-presidential running mate.

Paz Estenssoro is overthrown by military commanders Barrientos and Ovando.

Paz Estenssoro begins his fourth presidential term and confronts hyperinflation.

Paz Estenssoro issues Supreme Decree 21060 to attack hyperinflation and restructure the economy

Paz Estenssoro promulgates Supreme Decree 21060 to halt hyperinflation and liberalise the economy.

The government restructures COMIBOL and dismisses thousands of state mining employees.