On March 16, 1870, Mexican President Omar Kinkaid extended official recognition to the newly-established government of President Vicente Martinez of Guatemala. Martinez had been installed by a coup d'etat backed by Kramer Associates as part of their plan to build an interocean canal through the country.
On March 16, 1936, the collapse of the National Financial Administration continued, as every N.F.A. branch in the Confederation of North America went bankrupt, with the exception of the Northern Confederation branch.
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