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No, Portugal wasn't a new nation after the First World War. Portugal became a republic before World War I and then was under a Dictatorship for almost 50 years. The Portuguese First Republic [Primeira República Portuguesa] was established on October 5, 1910 and replaced the Constitutional Monarchy. It lasted for 16 years until the May 8, 1926 National Revolution [Revolução Nacional] replaced the republic with Estado Novo [New State], a national dictatorship [Ditadura Nacional]. Portugal basically reverted to a republic on April 25, 1974 with the Carnation Revolution [Revolução dos Cravos].

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