Leftward+Economic+Movements

Leftist economic moves
 * RULE:**
 * __Beneficiaries__****: (popular reforms)**
 * MC loses some of its economic power
 * Nationalized oil refineries - June 1960
 * United Fruit is nationalized – 1959
 * First Law of Agrarian Reform - May 1959 - Limited allowed size of land holdings - Government allowed to nationalize any excess.
 * Expropriated private property (majority of US properties).. – 196x
 * Nationalized public utilities. – 1959
 * Income redistributed to benefit the working class - Raised wages by 40%
 * Nationalized - Foreign owned banks