 On October 2, 1968, General Juan Velasco Alvarado staged a military coup and became Peru's 56th president under the administration of the Revolutionary Government of the Armed Forces, left-leaning military dictatorship.Following a period of widespread poverty and unemployment, Velasco himself was overthrown in a bloodless military coup on August 29, 1975.He was replaced by Francisco Morales Bermúdez as the new President of Peru.