CHILE
July 6th, 2010 | 
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The Republic of Chile, a ribbon-like country on the Pacific coast of southern South America, has an area of 292,135 sq. mi. (756,950 sq. km.) and a population of *15.21 million. Capital: Santiago. Historically, the economic base of Chile has been the rich mineral deposits of its northern provinces. Copper has accounted for more than 75 percent of Chile's export earnings in recent years. Other important mineral exports are iron ore, iodine and nitrate of soda. Fresh fruits and vegetables, as well as wine are increasingly significant in inter-hemispheric trade.
Diego de Almargo was the first Spaniard to attempt to wrest Chile from the Incas and Araucanian tribes in 1536. He failed, and was followed by Pedro de Valdivia, a favorite of Pizarro, who founded Santiago in 1541. When the Napoleonic Wars involved Spain, leaving the constituent parts of the Spanish Empire to their own devices, Chilean patriots formed a national government and proclaimed the country's independence, Sept. 18, 1810. Independence however, was not secured until Feb. 12, 1818, after a bitter struggle led by Bernardo O'Higgins and San Martin. Despite a long steady history of monetary devaluation, reflected in declining weight and fineness in its currency, Chile developed a strong democracy. This was displaced when rampant inflation characterized chaotic and subsequently repressive governments in the mid to late 20th century.
RULER
Spanish until 1818
MINT MARK
So – Santiago
MONETARY SYSTEM
16 Reales = 1 Escudo
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