William Tubman - Legacy

Legacy

Tubman's term is best known for the policies of National Unification and the economic Open Door. He tried to reconcile the interests of the native tribes with those of the Americo-Liberian elite, and increased foreign investment in Liberia to stimulate economic growth. These policies led to the crowning achievement of the Liberian economy during the 1950s, when it had the second largest rate of economic growth in the world. At his death in 1971 in a London clinic, Liberia had the largest mercantile fleet in the world, the world's largest rubber industry, the third largest exporter of iron ore in the world and had attracted more than US$1 billion in foreign investment. He was succeeded as President by his long-time vice president William Tolbert. The economic prosperity of Liberia at this time would unleash political dissent with the autocratic rule of Tubman and the True Whig Party, leading to the overthrow of the True Whig oligarchy in 1980 by Samuel Doe. This would also destroy the economic prosperity of Liberia's golden age.