decline in the domestic bank credits and a holdback of Bogota and Medellin stock markets. Throughout 1929 the international coffee prices continued declining abruptly in addition to the New York stock market, and eventually, the first manifestations of urban unemployment boost generated an immediate internal market crisis. From that moment on till 1932, deflection resulted from the international price reduction of Colombian exporting products. It was only until 1932 that the rise in gold production compensated the external debt as well as created commercial balance, ultimately preventing the continuous loss in reserves. After Colombia was able to defend its currency, it was in search of a new economic politic. This was based on three pillars; fiscal, monetary, and costumes or external commerce. The problem was that free trade was established, and the lack of government intervention in the economy was induced. International imports weren't charged as much taxes supposedly to pay off the increase of living expenses, this didn't generate any positive results, and by 1931 a protectionist economy reestablished to reanimate the public investment. Colombia found itself within the countries that had to surrender to their exchange freedom and abandon the gold reserves to devalue their currency against gold and dollars. In the long run, it was a reaction to the collapse of international reserves. Parallel to the causes of the economic crisis in Colombia, the presidents in charge of the time (Abadia Mendez and Olaya Herrera) hastily reduced the public investment programs, causing a decline in the previous infrastructure privileged circumstances. This ultimately affected public employment and finances. It was only until 1933 that the government gave a tremendous tip to its economic matters. It focused more on recuperating and reanimating the local product market, returned to the coffee exportation as a main economic sustains, and finally emphasized the improvements in domestic credits. The two main sections that favored the new economic measures were agricultural and industrial. Basically, because the loads of people who moved to the cities in search of work went back to the rural areas to work on agriculture which was productively exported again. Also, the industrial sector was favored due to the substitution of importation products by Colombian goods. These were the actions that Colombia took in order to take control over the economy once again and recuperate after five years of crisis. Liberal republic The Colombian government came from a long period of