New Republic is the period in the history of Brazil that followed the end of the military dictatorship and is characterized by broad political democratization of Brazil and its economic stabilization.
Usually, it is considered its inception in 1985, when contending with the situationist candidate Paulo Maluf, the opposition Tancredo Neves wins an indirect election in the Electoral College, succeeding the last military president, João Figueiredo. Tancredo does not quite take hold, and died a victim contracted a hospital infection at the time of surgery. His vice president, José Sarney assumed the presidency in his place. Under his rule is promulgated the 1988 Constitution establishing a democratic state and a presidential republic, confirmed by plebiscite on April 21, 1993.
Fernando Collor was elected in 1989, in the first direct election for president since 1964. His government lasted until 1992 when he resigned and Vice President Itamar Franco, assumed instead. In Itamar Franco is created the Real Plan, articulated by the Minister of Finance, Fernando Henrique Cardoso. Cardoso was elected in 1994 and reelected in 1998. Fulfills two presidential mandates and transmits to his successor Luis Inacio Lula da Silva range. Lula also keeps two terms.
The macroeconomic stability which reduced inflation rates and interest rates and increased per capita income, put the country on a list of the most promising countries in the world, next to China, Russia, India and South Africa during the government of Fernando Henrique and Lula.
In 2011, Dilma Rousseff took over the presidency, becoming the first woman to assume the post of head of state, and also of government in the history of Brazil.
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