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Line 57: − − In the first year of Allende's, the economic policy showed decidedly positive results, including a 12% industrial growth an 8.6% increase in GDP, as well as major declines in inflation (down from 34.9% to 22.1%) and unemployment (down to 3.8%). However, these gains were only temporary due to American intervention. American copper interests in Chile, which controlled 80% of Chile's copper production, reacted violently to Allende's nationalization. The United States set about placing an economic stranglehold on Chile designed to, in a famous quote by Richard Nixon, "make the (Chilean) economy scream". Classified documents have also revealed the extent of the United States' involvement in the 1973 coup d'etat that overthrew Allende, installing and supporting dictator [[Augusto Pinochet]] in power. Pinochet is known to have detained and tortured thousands of domestic dissidents by its secret police.<ref>http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB8/nsaebb8i.htm</ref>
Reverted edits by MorraGambit (Talk) to last version by Ed Poor
===Chile===
===Chile===
Marxist socialist leader [[Salvador Allende]] was popularly elected in Chile in 1970 under the Popular Unity Party. Allende's economic policy, known as the Vuskovic Plan, sought to achieve transition to socialism by democratic means. Strongly influenced by [[John Maynard Keynes]], the Vuskovic Plan involved nationalization of large foreign enterprises, land redistribution to farmers, and redistribution of income.
Marxist socialist leader [[Salvador Allende]] was popularly elected in Chile in 1970 under the Popular Unity Party. Allende's economic policy, known as the Vuskovic Plan, sought to achieve transition to socialism by democratic means. Strongly influenced by [[John Maynard Keynes]], the Vuskovic Plan involved nationalization of large foreign enterprises, land redistribution to farmers, and redistribution of income.
==Other Socialist Countries (Current )==
==Other Socialist Countries (Current )==