In the period 1870–1936, Paraguay began to redevelop economically after its devastating loss in the War of the Triple Alliance (1864–1870). Turning to a liberal economic model popular in the region at the time, government officials began selling off large tracts of land to foreign investors, in particular Argentine investors. The liberal era in Paraguay was notoriously turbulent as political rivals often relied on Civil War to gain power. Nonetheless, this period was pivotal in helping to shape ideas about the nation. The era ends at the Febrerista Revolution (1936) when returning Chaco War (1932–1935) veterans made their mark on Paraguayan politics and identity.
