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Ecuador leaves Gran Colombia and becomes fully independent. They had a failing economy and many other things that made them want to leave Spain. Simon Bolivar was the person who led the people of Ecuador to independence.

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Growth in banana trade brings prosperity. This made bananas a leading export of Ecuador and they still are today. In 2016, Ecuador exported 215 million tonnes of bananas mainly to Russia, the US, and China

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Oil production starts and Ecuador emerges as a significant oil producer. This significantly increases Ecuador's economy. General Guillermo Rodriguez Lara becomes president after overthrowing President Velasco.

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New constitution heralds return to democracy. Today, Ecuador is a Constitutional Republic. The constitution used to day is Ecuador's 20th constitution and has been in place since 2008

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There was a brief border war with Peru. The two countries argued over where the actual borders were placed by Spain. On October 26, 1998 they signed a peace agreement after settling the dispute.

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A deterioration of the economy due to falling oil prices leads to strikes, demonstrations and a state of emergency. The oil prices dropped resulting in Ecuador having to abandon its own currency. The value of oil dropped by more than half and it was a main export for Ecuador.

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Another medium impact was made to Ecuador's economy by storms and bad weather. Unusual pattern of the Pacific ocean cause storms to brew near Ecuador. This destroyed many banana farms which damaged their economy.

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Protesters, demanding that oil revenues should be spent on infrastructure, bring oil production to a halt. A state of emergency is declared in two oil-producing provinces. The protest ends after oil companies agree to help mend roads and pay local taxes.

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President Correa declares a state of emergency after being taken hostage by mutinous policemen. He is later freed by elite army soldiers. It was thought that he was taken because of a law the police didn't agree with.

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More than 400 people die and 2,500 are injured in 7.8-magnitude earthquake on Pacific coast. Billions of dollars worth of damage is caused. It was said the Approximately 35,000 homes were destroyed or damaged and 28,775 people were relocated to collective centers.