How the new government of Nicaragua tried to restore the country’s economy
The consequences of the Civil War in the framework of a small country were terrifying: more than 65,000 people of the dead and hundreds of thousands of refugees. The country’s external debt in 1979 amounted to 1.600 thousand dollars. Qualified personnel and businessmen, and everyone who could, emigrated to nearby countries, leaving Nicaragua on the verge of poverty and illiteracy.
The new government by all means tried to improve the economic situation of the country, by starting nationalizing everything that belonged to the Somos family and their closest environment, which provoked a negative reaction of the American Commission on Human Rights.