Santa Cruz creates a relatively stable economic,…

Santa Cruz creates a relatively stable economic, social, and political order in Bolivia.

In an attempt to overcome Bolivia's isolation, Santa Cruz opens the port of Cobija on the Pacific Coast.

He also devalues the silver currency to finance government activities, institutes protective tariffs in support of the local cotton cloth (tucuyo) industry, and reduces the mining tax, thereby increasing mining output.

In addition, Santa Cruz codifies the country's laws and enacts Latin America's first civil and commercial codes.

The Higher University of San Andres in La Paz is also founded during his rule.

Although Santa Cruz approves a democratic constitution, he rules virtually as a dictator and does not tolerate opposition.