BRAZIL: Melancholy Anniversary

"Our difficulties," boomed President Getulio Vargas, "are faced and conquered with determined courage." But even as the President spoke last week, reporting on his first two years in office, unconquered difficulties piled up: Brazil's foreign trade debts stood at an alltime high of $850 million, the cost of living was up 30% in twelve months, strikes for wage rises of 40% to 50% were sweeping the country. The outlawed Communist party was flourishing. The onetime dictator (1930-45) who astounded his country by making a constitutional comeback seemed unable to find answers to...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!