Employees (Conselho Fiscal do Instituto de Aposentadoria e Pensões dos Industriários). In his time in the ministry, as witnessed by Hugo de Faria, João Goulart was willing to wear out his prestige with the Minister of Finance in defense of the working class. Goulart was willing to take money out of his own pocket to help anyone who asked for help, but he was " half greedy" with the public money, as his minister-administrative, Hugo de Faria, said. and elected Hugo de Faria to participate in the formalities in his place - Hugo considered him one of the "most patient men in the world" in his dealings with the general public and according to historian Jorge Ferreira: "The minister soon became known for his sincere way of not discriminating against people." The way he received "workers, unionists and ordinary people" in his office shocked the conservative civil and military sectors, in something that mixed so much class and ethnic prejudice. As a minister, he also opted for negotiations between strikers and bosses, rather than repressive methods. In response to the accusation that he would oppose the capitalist regime, he said that he was always willing to applaud the capitalists who invested in the means of production and who legally "created wealth in a social, human and patriotic sense," but that he was against "parasitic, speculative, exorbitant and short-sighted capitalism in profit". In late 1953, Goulart began studies for review of the minimum wage, facing two types of pressure: the mobilization of workers in larger cities to claim a readjustment of 100% that would increase the minimum wage from ₢$1,200 to ₢$2,400, and entrepreneurs' refusal to review the policy since the Eurico Gaspar Dutra administration, which allegedly contributed to the impoverishment of several segments of the Brazilian society. The business community said that it would agree to a 42% raise in the minimum wage to match the cost of living in 1951. On May Day, Vargas signed the new minimum wage into law, which was a 100% increase as demanded by the working class. On 22 February 1954, Goulart handed his resignation letter to President Vargas, and Vargas named Hugo de Faria to succeed him in an interim manner, and resumed his term as a federal deputy, as a result of the strong reaction of the media and military against the new minimum wage. The political crisis of the Vargas administration