And it definitely felt like one. You have no idea how much the country changed (for the better) because of this improbable miracle.
Nobody believed it would work because the whole country had lost faith in "magical" economic reforms like the one before it, the Collor Plan.
Imagine you wake up one day and all of your bank accounts are frozen - that's what happened to my parents (and most of the population) on March 16, 1990 when the Collor Plan was announced. It's your money, but you can't spend it - sorry. My father had been saving money in order to buy a new house. Years later he recovered less than 1/10 of the original sum. Lots of small businesses (including family and friends) went broke.
When I talk to my parents about pre-real days it feels like they were born in a different country than I was.
Wow, I guess that explains the uptick in the brazilian population in South Florida during that time. One year of school I only knew one brazilian kid on the bus. The next year over half the bus was brazilian. Big migrations like that usually happen because of economic reasons or war. I just never put 2 and 2 together until now.
Nobody believed it would work because the whole country had lost faith in "magical" economic reforms like the one before it, the Collor Plan.
Imagine you wake up one day and all of your bank accounts are frozen - that's what happened to my parents (and most of the population) on March 16, 1990 when the Collor Plan was announced. It's your money, but you can't spend it - sorry. My father had been saving money in order to buy a new house. Years later he recovered less than 1/10 of the original sum. Lots of small businesses (including family and friends) went broke.
When I talk to my parents about pre-real days it feels like they were born in a different country than I was.