jun 17, 1952 - Decree 900
Description:
-Agrarian Reform Law-unused land from large plantations expropriated --> redistributed (1.5 million acres to 100,000 families)
-land previously owned by elite 2%, & UFCO
-compensation: calculated from official tax value (seriously undervalued by corportations) --> companies such as UFCO complained to US government)
-accused of communism by USA, but Árbenz continued land reform
Added to timeline:
Date:
jun 17, 1952
Now
~ 73 years ago