soared while the Central Bank reserves were at an all-time low. This economic program only managed to cause widespread discontent, while in no way improving the economy, and in turn led to his downfall. On June 4, 1932, colonel Marmaduke Grove staged a coup d'état by taking over the Air Force base of El Bosque, in Santiago, and demanding the resignation of President Montero. Montero refused to call on the army to put down the coup, and instead chose to resign. That same night, the victorious revolutionaries organized a Government Junta composed of retired General Arturo Puga, Eugenio Matte and Carlos Dávila, with colonel Grove as their minister of Defense. After this episode, Montero retired completely from politics, and went back to private practice and business. He died in Santiago, on February 25, 1948, at the age of 69. See also History of Chile Norte Grande insurrection Government Junta of Chile (1932) Socialist Republic of Chile List of Chilean coups d'état External links Complete biography Biography Short biography 1879 births 1948 deaths Presidents of Chile Chilean Ministers of the Interior Chilean Ministers of Health Heads of state of Chile People from Santiago Radical Party of Chile politicians Candidates for President of Chile Chilean people of Spanish descent