4 ms·
Was that the annual production now or in the 70s?
by minikites 11y ago
Was that the annual production now or in the 70s?
- jacobolus 11y agoThat’s today, which seems to be about 3x higher than in ~1970. Overall (according to google sleuthing) the price of copper was down by about 25% in 1971–1972 compared to 1970. Keep in mind: (1) Copper made up something like 2/3 of Chile’s exports at the time, so every incremental price drop was a severe blow; (2) The US simultaneously cut Chile off from international credit and aid; (3) The CIA helped organize industrial sabotage, protests, strikes, etc., so there was also some disruption to Chilean production at the time. You can read the White House memo here: http://fas.org/irp/offdocs/nsdm-nixon/nsdm-93.pdf http://fas.org/irp/offdocs/nsdm-nixon/nsdm-93.pdf