General elections were held in Nicaragua to elect a president and National Congress of Nicaragua on 21 May 1950. In April, Anastasio Somoza García and Emiliano Chamorro Vargas sat down and signed the Pacto de los Generales, thus laying the basis for a new political coalition. Once the agreement was signed, the Congress formally proceeded to set the date and the procedure of the upcoming election. Sixty deputies to a Constituent Assembly would be elected, with forty seats going to the majority party and seventeen to the minority party, plus three that would include the defeated presidential candidate and the two living, popularly elected ex-presidents (Anastasio Somoza García and Emiliano Chamorro Vargas). "Only the Liberals and the Conservatives could participate because the constitutional