Answer:
Step-by-step explanation:
Augusto Pinochet challenged the existing power structure in Chile when he overthrew the democratically elected government of President Salvador Allende in 1973 . Pinochet’s military junta then established a dictatorship that lasted for 16 years
During his regime, Pinochet implemented a series of economic policies that aimed to liberalize the economy and reduce the role of the state in economic affairs . These policies were known as the “Chicago Boys” and were based on the ideas of Milton Friedman and other free-market economists from the University of Chicago . The policies included privatization of state-owned enterprises, deregulation of markets, and reduction of trade barriers .
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