page_title: Carlos Ibáñez del Campo
section_title: First presidency
hierarchical_section_title: Carlos Ibáñez del Campo / First presidency
caption_attribution_description: Español: General Carlos Ibáñez del Campo en su primera presidencia.
context_page_description: General Carlos Ibáñez del Campo was a Chilean Army officer and political figure. He served as President twice, first between 1927 and 1931, and then from 1952 to 1958, serving for 11 years in office.
context_section_description: Ibáñez began to exercise dictatorial powers, using rule by decree (decretos con fuerza de ley), suspending parliamentary elections, instead naming politicians to the Senate and Chamber of Deputies himself, etc. Political opponents were arrested and exiled, including his former ally Marmaduke Grove. His popularity, however,  was helped by massive loans by American banks, which helped to promote a high rate of growth in the country. He constructed massive public works, and increased public spending. He also created the Carabineros de Chile (police force) by unifying the previously disorganized police forces. Another significant achievement of Ibáñez's first administration was the signing of the 1929 Treaty of Lima, in which Chile agreed to return the Tacna Province to Peru, which had been seized during the War of the Pacific.
  His popularity lasted until after the 1929 collapse of Wall Street. At that point all loans were halted and called. Without the influx of foreign currency, Chile was heavily affected by the Great Depression. Ibáñez's large public spending did nothing to alleviate the situation, and his opponents, primarily the exiled Grove and Alessandri, began to plan a comeback. After a great wave of public unrest, Ibáñez left the country for exile, on July 26, 1931, after delegating his office to the president of the senate, Pedro Opazo, who in turn resigned in favor of the interior minister, Juan Esteban Montero.
caption: Ibáñez during his first presidency
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