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Dominican Republic

This presentation discusses the economic climate in the Dominican Republic throughout history. It poses the question of why Haiti has suffered considerably deeper hardships than The D.R. despite the fact that they share the same island.
by

de ba

on 12 May 2010

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Transcript of Dominican Republic

The Dominican Republic A Troubled Past 1492: Colombus reaches shore in the Caribbean and names the island Hispaniola 1512: Laws protecting the rights of the indigenois Tainos were written but never enforced 1697: The Treaty of Ryswick ceded the western portion of Hispaniola to the French French colony of Saint-Domingue was four times larger than its Spanish counterpart 90% of which was comprised of slaves 1795: French assumed full ownership of the island after the French Revolutionary Wars 1801: Slaves led by Toussaint L'Ouverture took control of Spanish Santo Domingo 1808: The French were forced out of Santo Domingo and it was resored to Spanish rule 1821: Former Lieutenant–Governor of Santo Domingo declared independence hoping to join the republic of Gran Columbia 1822: Haitian forces invaded Santo Domingo with aims of ending slavery,
imposing taxes, opening trade and converting estates into public property 1822 - 1843 Jean-Pierre Boyer led the economy to increased levels of production
but at the expense of unfair taxes and a crumbled education system 1844: A secret society called La Trinitaria founded by Juan Pablo Duarte
assembled and declared complete independence for Santo Domingo That same year the first constitution of the Dominican Republic (model after the U.S. constitution) was drafted 1861: Under the assumed leadership of Santana a pact was signed reverting
the D.R. back to its status as a Spanish colony 1863: Revolutionaries declared a War of Restoration in which Spanish colonization was fiercely battled 1865: Spain fled the Island in light of widespread struggles for sovereignty 1890s: During a lull in warfare General Ulises Heureaux to rose to power first becoming popular
only then to turn into a ruthless tyrant who launched the nation into debt 1905: After many failed attempts at a stable government, Heureaux was
assinated by Ramón Cáceres who himself was assassinated 6 years later 1906: A pact with the U.S. to occupy the country for 50 years was signed 1924: After the U.S. occupation Horacio Vásquez Lajara was elected
bringing relative peace and economic growth to the nation The Trujillo Regime Pros Cons Built Roads Established Clinics Founded Schools Improved Healthcare Pushed Construction Set Up Pension Programs Eliminated Debt Negotiated the Haitian Border He was a vicious despot He was very comfortable with murder* He was megalomanic He was also a fan of torture He ran a violent dictatorship * In 1937 Trujillo and his soldiers used machetes to
dismember some 30,000 Haitians at the border Backround Information Population: 9.9 million Main exports: Textiles, ferronickel, sugar, coffee, tobacco, meats Language: Spanish Economic Category: Middle-income country President: Leonel Fernández Recent Economic Conerns Financial Collapse in 2003 Failure of the 3 Largest Banks High Government Debt The Recent Recession Outdated Energy Sector High Inequality and Poverty Lack of fiscal controls Current Goals WORLD BANK IMF $1.7 Billion Stand-By Arrangement These funds will go towards: revenue administration structural issues in the electricity sector providing adequate service to the public. PRESIDENT FERNANDEz Re-elected for the third unconsecutive time in 2008 Focuses heavily on technology development FEARS & CRITICISMS President Fernandez's deprioritization of social issues A skewed emphasis on technology as opposed to providng basic needs No significance progress thusfar with the energy sector A general unwillingness to confront and punish corruption From of Govt: representative democracy By: Dennis Barrett
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