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Pedro Alvares Cabral claimed the territory for Portugal in 1500.
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Portugal began colonization in 1532
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Made the area a royal colony in 1549.
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Napoleonic Wars, King João VI, fearing the advancing French armies, fled Portugal in 1808 and set up his court in Rio de Janeiro.
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When Portugal tried to reimpose colonial rule, the prince declared Brazil's independence on Sept. 7, 1822, becoming Pedro I, emperor of Brazil
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Pedro II becomes emporer, taking his father's place. After his father was harrased by his parliament.
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The son was a popular monarch, but discontent built up, and in 1889, following a military revolt, he abdicated.
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After a military coup in 1964, Brazil had a series of military governments.
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Gen. João Baptista de Oliveira Figueiredo became president in 1979 and pledged a return to democracy in 1985.
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In Jan. 1999, the Asian economic crisis spread to Brazil. Rather than prop up the currency through financial markets, Brazil opted to let the currency float, which sent the real plummeting—at one time as much as 40%.