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| Collor (Fernando Affonso Collor de Mello) |
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Aug 12, 1949 Rio de Janeiro | The first democratically elected president after military rule, who was forced to resign after a corruption scandal. Fernando Affonso Collor de Mello was president of Brazil from 1990 to 1992. In 1989 he defeated Lula in a very close presidential race. The first democratically elected president of Brazil in 29 years, Collor spent the early years of his government battling inflation, which at times reached rates of 25% per month. His measures against inflation were very radical: he confiscated all the population's savings: "no money, no inflation" was his motto. It was not successful. In 1992, Collor was accused by his brother Pedro of corruption, leading to investigations by both congress and the press. The crescendo of evidence of bribery and misappropriation of state funds led to popular demonstrations and civil disorder across the main cities of Brazil. In October, the congress voted to suspend him. While an impeachment process was ongoing in the senate, Collor resigned on December 29, 1992. Read more... | |||||
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