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Ecuador gains independence from Spain on May 24th, 1822. Though is still apart of Gran Colombia.
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Ecuador gains full independence from Gran Colombia.
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Ecuador gives up 200,000 sq km of disputed land to Peru under the Rio Protocol.
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Growth in the Banana trade brings prosperity to Ecuador
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New Constitution is put into place in Ecuador.
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President Jose Maria is elected for his fifth term.
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Oil production starts and Ecuador becomes a significant oil producer.
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A even newer rendition of the constitution reverts Ecuador to democracy.
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A border war with Peru forms, but ends with an international person appointed to settle the dispute.
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Declining oil prices lead to a deterioration of economy.
