General elections were held in Panama on 11 May 1940, electing both a new President of the Republic and a new National Assembly. Arnulfo Arias' ties to the incumbent administration and, consequently, to the National Police gave him the advantage over his opponent. Moreover his temporary electoral coalition of liberal parties augmented his support among members of the electoral board.
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| - 1940 Panamanian general election (en)
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| - General elections were held in Panama on 11 May 1940, electing both a new President of the Republic and a new National Assembly. Arnulfo Arias' ties to the incumbent administration and, consequently, to the National Police gave him the advantage over his opponent. Moreover his temporary electoral coalition of liberal parties augmented his support among members of the electoral board. (en)
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| - LaFeber (en)
- Political Handbook of the World, Almanaque Panameño (en)
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| - General elections were held in Panama on 11 May 1940, electing both a new President of the Republic and a new National Assembly. Arnulfo Arias' ties to the incumbent administration and, consequently, to the National Police gave him the advantage over his opponent. Moreover his temporary electoral coalition of liberal parties augmented his support among members of the electoral board. Shortly before polling day Ricardo J. Alfaro (the opposition coalition candidate) fled into the Zone for sanctuary, and Arnulfo Arias (the candidate of the National Revolutionary Party) became president by the familiar walkover. Arnulfo Arias pieced together a political coalition, including some oligarchs with fascistic tendencies and the growing, nationalistic middle class. He swept into power by a vote of 107,750 to 3,022.Arnulfo Arias was elected on the basis of a nationalist program which rested on hostility to all foreigners in general and to the United States and the West Indian and Chinese minorities in Panama in particular. (en)
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