Nicaragua is the largest country of Central America. Once under the Spanish Empire, Nicaragua gained its independence in 1821 and since then has established its independence. During the formative years, the country underwent a period of political and social unrest marked by dictatorship, fiscal crisis and poverty. A democratic republic, Nicaraguan is headed by the President, who serves as both the head of the state and head of the government. Executive powers lie with the President of Nicaraguan. Though proposal of switching from a presidential to a parliamentary system of affairs was offered, it was later rejected. Some of the prominent Nicaraguan leaders include Tomaz Martinez, Jose Vicente Cuadra, Adan Cardenas, Adolfo Diaz, Bartolome Martinez, Rene Schick and incumbent President Daniel Ortega. Violeta Chamorro was the first female president in Latin America, the second in North America and the 48th President of Nicaragua. Lila T. Abaunza served as the First Lady of Nicaragua from 2002 to 2007. Roger Calero was a prominent Nicaraguan American who ran for U.S. President in the 2004 presidential elections. With this segment, find out in details about the life and profile of Nicaraguan leaders.