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Armed conflict starts on the Paraguay/Bolivia border over land disputes and important water ways.
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Armed confrontations since 1927 result in all out war begining in 1932.
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Paraguayans win First Battle of Nanawa
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A cease-fire was attained and shortly after a peace treaty was signed.
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The land in the Gran Chaco is given back too Paraguay and Bolivia Dosn't gain the water ways that they wanted.