Benefiting from the sharp growth in Chile's…
1852 CE to 1863 CE
Benefiting from the sharp growth in Chile's exports and customs revenues in the 1850s, Montt demonstrates the efficacy of the central government by supporting the establishment of railroads, a telegraph system, and banks.
He creates the first government-run railroad company in South America, despite his belief in laissez-faire.
He also initiates the extension of government credit to propertied groups.
Under President Montt, school construction accelerates, laying the groundwork for Chile to become one of the most literate nations in the hemisphere.
Expanding on the initiative started by Bulnes, Montt also pushes back the southern frontier, in part by encouraging German immigration.