Kubitschek.2C 1956-61 Second Brazilian Republic

brazilian football team, 1958



construction of brasília, 1959.



construction of palácio da alvorada in brasilia

kubitschek s presidency marked time of political optimism. campaigning on platform of fifty years of progress in 5 presented plan of national development had 31 goals distributed in 6 large groups: energy, transport, food, base industries, education , main goal - construction of new capital city brasilia. plan sought stimulate diversification , expansion of brazilian economy, based on industrial expansion , closer integration of national territory. promoted development of automobile industry, naval industry, heavy industry, , construction of hydro-electric power stations. exception of hydro-electric industry, juscelino practically created economy without state-owned companies.

kubitschek sought achieve progress aid of foreign investment, in turn given generous incentives, such profit remittances, low taxes, privileges importation of machinery, , donations of land. however, exemption made if foreign capital associated national capital ( associated capital ). influx of foreign capital threatened domestic industry, unable compete efficiency , expertise of foreign companies. domestic manufacturers, once core base of support economic nationalism, become managers or partners of multinationals. urban bourgeoisie — original base of vargas coalition — had little use brazilian populism more, having outgrown state planning phase.

in 1958 brazil won 1958 fifa world cup.

by end of term, foreign debt had grown 87 million dollars 297 million dollars. inflation , wealth inequality had grown larger, occurrence of rural-zone strikes expanded urban areas.