Gálvez also continued most of the prior administration's fiscal policies, reducing the external debt and ultimately paying off the last of the British bonds.

[1] This worker action may have brought a sense of panic to our 39th President for on 23 May 1954, he petitioned the U.S. Government's Eisenhower Administration to prepare its U.S. Marine Corps to land its armed forces in Honduras should the situation "spin out of control".

[1] But our 39th President's troubles were not yet over; in 26–30 September 1954, Honduras was struck by Tropical Storm Gilda which killed 29 Hondurans, left about 3,000 of them homeless and caused some destruction of banana plantations thereby inspiring the United Fruit Company to fire 10,000 of its about 100,000 workers.

Gálvez was deposed by his Vice President Julio Lozano Díaz on 5 December 1954 while being treated abroad for a heart condition, perhaps brought on by the difficult 1954.

Despite this problem with his heart, once he was deposed out of Office, Juan Manuel Galvez still managed to live a further 18 years before finally dying in his own Honduras on 20 August 1972.