... helps explain some of their economic positions. Vargas and his policy makers advocated industrialization at the key to modernization. During 1950 Vargas increased his pitch of his populist rhetoric while ignoring the budget constraints. Rising inflation along with the political crisis led to his suicide. The Kubitschek(1956-61) presidency avoided potential social conflict by using monetary expansion as one of its sources of government finance. Kubitscheck was able to reconcile state involvement in industrialization with a high degree of foreign investment to achieve a higher standard of living for urban workers. The president Jao Goulart, Brazil´s most populist leader since Varagas, created policies that favored urban workers. One of these policies included price controls, especially on bus fares and the price of bread. Under Goulart´s rule several U.S. investments came under attack due to the populist suspicion of American capital. By the end of the 1962 inflation was nearing 50 percent ...

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