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Within one year, armed with special powers, Salazar balanced the budget and stabilised Portugal's currency. The military of 1926 saw themselves as the guardians of the nation in the wake of the instability and perceived failure of the First Republic, but they had no idea how to address the critical challenges of the hour. The regime he created lasted until 1974, making it one of the longest-lived authoritarian regimes in Europe.Ī political economy professor at the University of Coimbra, Salazar entered public life as finance minister with the support of President Óscar Carmona after the coup d'état. Having come to power under the Ditadura Nacional ("National Dictatorship"), he reframed the regime as the corporatist Estado Novo ("New State"), with himself as a dictator. António de Oliveira Salazar GCTE GCSE GColIH GCIC ( / ˌ s æ l ə ˈ z ɑːr/, US also / ˌ s ɑː l-/, Portuguese: 28 April 1889 – 27 July 1970) was a Portuguese politician who served as Prime Minister of Portugal from 1932 to 1968. |
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