In 1914, he negotiated the Bryan-Chamorro Treaty with the United States, by which Nicaragua agreed to allow the construction of a canal across the country, linking the Caribbean with the Pacific Ocean (a canal which has not been constructed).
He returned to Nicaragua in 1916, and was elected president.
His Conservative Party received United States assistance in attaining power, and Chamorro later partnered with the U.S.
During his term in office he made a concentrated effort to pay off the country's creditors.
In 1926, he led a successful coup to overthrow SolĂłrzano, but his new government failed to win American support, faced a civil war, and he eventually resigned in favor of Adolfo DĂaz.
In the following years, Chamorro served as Nicaragua's minister to several European states.
Originally opposed to the dictatorship of Anastasio Somoza GarcĂa, he eventually reached a compromise in 1950 (The Pact of the Generals[1]), whereby the Conservative Party was granted a number of seats in the Congress.
This, however, cost him the support of many radical members of the Conservative Party.