A revolt ends the Spanish monarchy’s rule in Portugal and the House of Braganza is established as the ruling family.
King Manuel II, a member of the House of Braganza, abdicates the throne amid a revolution. The Portuguese Republic is established.
Antonio Salazar, an economist, becomes prime minister. He rules Portugal as an authoritarian corporate state.
Portugal becomes a founding member of NATO.
Portugal joins the United Nations.
The Armed Forces Movement seizes power from the corporate state in a nearly bloodless coup, establishing a provisional military government. As a result of the coup, many of the country's remaining colonies gain independence.
The civilian government is restored.
Portugal joins the European Economic Community, now known as the European Union.
The Euro replaces the Escudo as Portugal’s official currency.
The government releases austerity plans aimed at reducing the country’s budget deficit.
Portugal is given a $78 billion bailout from the EU and International Monetary Fund, as long as the country introduces large austerity measures, which lead to large protests.
More spending cuts are approved so the country does not have to take a second international bailout.