Enrique Olaya Herrera

Enrique Olaya Herrera was a Liberal who served as president of Colombia from 1930 to 1934. His presidency followed the economic collapse of the Great Depression, which caused a significant drop in the value of Colombian exports like coffee, petroleum, and bananas. This economic downturn led to the Conservative Party losing the presidential election of 1930 to Olaya Herrera. While Olaya Herrera governed similarly to his predecessors, the subsequent Liberal presidency of Alfonso López Pumarejo (1934–38) introduced reforms, including one that established effective occupancy as the legal basis for land tenure, benefiting peasant squatters.123