Background:
Following its heyday as a world power during the 15th and 16th
centuries, Portugal lost much of its wealth and status with the
destruction of Lisbon in a 1755 earthquake, occupation during the
Napoleonic Wars, and the independence in 1822 of Brazil as a colony.
A 1910 revolution deposed the monarchy; for most of the next six
decades, repressive governments ran the country. In 1974, a
left-wing military coup installed broad democratic reforms. The
following year, Portugal granted independence to all of its African
colonies. Portugal entered the EC (now the EU) in 1986.