Page "History of Ecuador" Paragraph 56

Popular unrest, together with the ongoing economic crisis and a sickly president, laid the background for a bloodless coup d ' état in July 1925.

Unlike all previous forays by the military into Ecuadorian politics, the coup of 1925 was made in the name of a collective grouping rather than a particular caudillo.

The members of the League of Young Officers came to power with an agenda, which included a wide variety of social reforms, deal with the failing economy, establish the Central Bank as the unique authorized bank to distribute currency, create a new system of budget and customs.