Independent Socialist Party (Bolivia)
Encyclopedia
The Independent Socialist Party (Spanish
Spanish language
Spanish , also known as Castilian , is a Romance language in the Ibero-Romance group that evolved from several languages and dialects in central-northern Iberia around the 9th century and gradually spread with the expansion of the Kingdom of Castile into central and southern Iberia during the...

: Partido Socialista Independiente, PSI) was founded in March 1938 by Víctor Paz Estenssoro
Víctor Paz Estenssoro
Ángel Víctor Paz Estenssoro was a politician and president of Bolivia. He ran for president 8 times , winning in 1951, 1960, 1964, and 1985....

, Carlos Salamanca
Carlos Salamanca
Carlos Salamanca Caicedo is a Colombian professional tennis player.-Singles Titles :-External links:*...

, Jorge Aráoz Campero, Carlos Montenegro and Augusto Céspedes, following a split in the United Socialist Party
United Socialist Party (Bolivia)
The United Socialist Party was founded on 15 march, 1936, as the result of a split in the Nationalist Party in 1936 and the adhesion of some prominent members of the Republican Socialist Party in 1937, and backed by Legion of Veterans and by the regional socialist groups.The leaders of the party...

.
Independent Socialist Party was created by a radical sector and was “the advocate economic nationalism and are in favor of controlling foreign capital, and its re-investment in Bolivia
Bolivia
Bolivia officially known as Plurinational State of Bolivia , is a landlocked country in central South America. It is the poorest country in South America...

”.
The Independent Socialist Party was associated with the revolutionary government of Colonel Germán Busch Becerra
Germán Busch
Germán Busch Becerra was a former Bolivian military officer, hero of the Chaco War , and president of Bolivia between 1937 and 1939.Germán Busch was born in San Javier, in central Bolivia's hot, fertile, coffee-growing region to a physician, a German...

, between 1937 and 1939. For the 1938 elections, the Independent Socialist Party was the component of the pro-military United Socialist Front
United Socialist Front
The United Socialist Front was an electoral political alliance of left-wing and socialist political parties and organizations....

.
During the 1938 Constituent Assembly, the Independent Socialists were an influential element of the leftist political grouping. Many of the PSI's founders were student activists, war veterans, and journalists of the middle class.
The Independent Socialists elected some deputies of National Congress in 1940, and during of Enrique Peñaranda del Castillo
Enrique Peñaranda
Enrique Peñaranda del Castillo was a Bolivian general who served as commander of his country's forces during the second half of the Chaco War...

's administration they were among the government's opponents in parliament.
In 1941 the Socialistas Independientes decided to form a more massively based political party, the Revolutionary Nationalist Movement
Revolutionary Nationalist Movement
The Revolutionary Nationalist Movement is a Bolivian political party, perhaps the most important in the country during the 20th century. At the legislative elections in 2002, the party won, in an alliance with the Free Bolivia Movement, 26.9% of the popular vote and 36 out of 130 seats in the...

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