Estado Novo (Portugal)
King Carlos I of Portugal confirmed colonial treaties of the 19th century that stabilized the situation in Portuguese Africa. These agreements were, however, unpopular in Portugal, where they were seen as being to the disadvantage of the country. In addition, Portugal was declared bankrupt twice—first on 14 June 1892 and again on 10 May 1902—causing industrial disturbances, socialist and republican antagonism, and press criticism of the monarchy. Carlos responded by appointing João Franco as Prime Minister and subsequently accepting Parliament's dissolution. In 1908, Carlos I was assassinated in Lisbon. The Portuguese monarchy lasted until 1910 when, through the 5 October revolution, it was overthrown and Portugal was proclaimed a republic. The overthrow of the Portuguese monarchy in 1910 led to a 16-year struggle to sustain parliamentary democracy under republicanism – the Portuguese First Republic (1910–1926).
Military Order of Saint James of the Sword
In 1910, when Portuguese monarchy ended, the Republic of Portugal abolished all the Orders except the Order of the Tower and Sword. However, in 1917, at the end of World War I, some of these Orders were re-established as mere Orders of Merit to reward outstanding services to the state, the office of Grand Master belonging to the Head of State - the President of the Republic. The Military Order of St. James, together with the other Portuguese Orders of Merit, had its statutes revised on several occasions, during the First Republic (1910–1926), then in 1962, and again in 1986.