Spanish explorers led by Francisco Pizarro defeat the Incas whose empire subsequently becomes part of the Vice-royalty of Peru.
General Jose de San Martin captures Lima from the Spanish and proclaims Peru independent.
Peru is defeated by Chile in the Pacific War and as a result loses territory in the south.
Severe austerity and privatization programs are launched as inflation reaches 400%.
A major gas pipeline project that will connect a jungle gas field to Lima is introduced.
Peru and the United States establish a free trade agreement.
A road connecting Brazil's Atlantic coast with Peru's Pacific coast is opened.