
Eagle of Hague, brilliant Brazilian jurist.
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Rui Barbosa was appointed Minister of Finance in the provisional government of the newly proclaimed Republic of Brazil in 1889. He was tasked with reforming the country's financial system.
As Finance Minister, Barbosa implemented the Encilhamento, a policy of monetary expansion and credit liberalization aimed at stimulating economic growth. The policy led to a speculative bubble, rampant inflation, and a financial crisis in 1891.
Rui Barbosa led the Brazilian delegation to the Second Hague Peace Conference in 1907. He argued for the equality of nations and the principle of arbitration, earning international recognition and the nickname 'Eagle of The Hague'.
Rui Barbosa ran for the presidency of Brazil in 1910 as the candidate of the Civilist Party, opposing the military-backed candidate Hermes da Fonseca. Although he lost, his campaign was a landmark for civilian political participation.
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