Preview

Mexico's Economic Crisis

Good Essays
Open Document
Open Document
480 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mexico's Economic Crisis
Mexico gained independence in 1821 after it ruled by Spain for three centuries. Then it started creating the future of this new nation. However, Mexico lost half its territory, in which most of them was occupied by the United States. Then, it ushered the crucial event, the Revolution of 1910, which leads to the positive changes in its politics. After the rule of Lazaro Cardenas in 1934, he grants many benefits to peasants and encouraged workers to pursue better working conditions (p. 410). This period also witnessed the development in industry and agriculture. The turmoil in the oil market brought the economical crisis for Mexico in the late 20th century. It experienced the reforms in electoral processes and institutions, which contributes to the fairness of the election. The hope of Fox to improve the relationship and cooperation between Mexico and America failed after the events of September 11, 2001. Now the Mexican president paid much attention to the security and stability of the country.
The government system of
…show more content…
During the rule of Lazaro Cardenas, it distributed lots of land to its citizens in order to gain the support of people and stabilize the society. Few countries would hire more than one million employees working in the executive branch like Mexico. Mexicans have more opportunities to participate in the political activities of the country and have a feeling that they are parts of the country. Unlike America, the constitution of Mexico can be easily amended. I think this will go against the stability of the nation. The constitution should include the general direction and guideline that should not randomly change. The drug issues and violence problems had a very negative influence on the Mexican society. Other countries should learn from its lessons and strengthen the control on drug and fight violent

You May Also Find These Documents Helpful

  • Powerful Essays

    The Mexican financial crisis of 1994-1995, also known as the “Tequila Crisis”, took place in December 1994 and is known as the first global crisis of last decade of the twentieth century. The crisis had little to do with the external debt situation and more to do with the short term foreign exchange problem which led to the devaluation of the peso against the U.S dollar. This action lead to the following significant outcome:…

    • 1367 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    The United States has no more important foreign relation ship than that of which it enjoys with Mexico, and vice versa. These two countries share interwoven societies and economies. Although there have been disagreements and turbulence between the two countries, which partnership is without these? The Strength of each country's democracy is fundamental to the other's. This relationship that the two countries share directly affects that lives of millions of Mexican and United States citizens everyday. Recently these two countries have become even more unified than ever before. Tackling issues such as Border Control, Countering Narcotics, Dealing with multiple Law enforcement agencies, Human Rights laws, trade and development, etc. There are many issues that they are mutually interested in and must deal with. Yet, there are some vast differences in which these two countries are run. There are also many similarities, which we must take into account. Both Democratic Governments have similar structures, containing a legislative, judicial, and executive branch. Yet, these structures are very different internally, containing specific duties that the other country's branch may not have.…

    • 890 Words
    • 4 Pages
    Good Essays
  • Good Essays

    AP World Comp/Con Essay

    • 602 Words
    • 2 Pages

    Both Mexico and Russia were the sites of poignant revolutions in the twentieth century. While both countries had hoped that the revolutions would end with their gaining a working class supported government, the method to which these revolutions were reached and the resulting governments differed.…

    • 602 Words
    • 2 Pages
    Good Essays
  • Good Essays

    When Trujillo assumed power, the economic situation was appalling in all its aspects. On the one hand, customs, banking and major companies were controlled by US investors. On the other hand, the State had no monetary reserves, plus the economic effects of the San Zenón cyclone and the world economic depression of 1929. The situation prompted the government to enact an emergency law in 1933, Through which it tried to negotiate in 1934 the readjustment of the external debt. With both measures, the economic policy of the government began to be delineated, explained as "a particularized capitalist system" that descended to the level of personal property, because Trujillo became the great territorial proprietor at the same time that made of the…

    • 372 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    According to world history project (2007) The Republic of Mexico is huge, comprising nearly two million square miles of coastline, desert, rain forest, mountains, and fertile plains. As Canada, Mexico is named as the 4th largest country in the western hemisphere and is rich in natural resources such as oil and natural gas. From the American borderlands of the extensive, agriculturally rich north, the country narrows gently as it sweeps south and east. As well as Canada, is bordered by the United States. In Canada’s history we understand in some point the need of people while in Mexico there is a City (Mexico City) that is considered one of the most populous cities in the world. The population in Mexico is around 120.8 million peoples. Although Mexico and Canada are very different countries, they have somehow things in common such as history of colonization. Canada was colonized by the British in the other hand, Mexico was colonized by Spain. Both, British and Spain were amazed by Canada’s and Mexico’s landscape, their beauty and its natural resources. Finally, Canada and Mexico are two greatest countries and somehow their history and wealth on natural resources motivated other countries such as Britain and Spain to gain interest on them and that’s how their history is…

    • 1380 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Mexico was no longer independent and the foreigners became involved politically for foreign benefits. The decline of Mexico’s majority due to malnutrition and low life expectancy and oppressed masses, the focus or “foci” of revolutions. The Mexican revolution of 1910 to 1920 was directed toward land reform after decades of remorseless ill treatment and poverty. Leaders like Francisco Madero and Emiliano…

    • 693 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Mexican-American

    • 3140 Words
    • 13 Pages

    Lázaro Cárdenas del Río (May 21, 1895 – October 19, 1970) was President of Mexico from 1934 to 1940. From Cárdenas plebian roots, in the lower-middle class he eked out a substantial, moving and largely successful leadership role in a reformative Mexico. Born in the village of Jiquilpan, Michoacán, Cárdenas supported his widowed mother and seven younger siblings from the age of sixteen. His many professional pursuits included a tax collector, a printer’s devil (apprentice to a printer) and a jail keeper, all by the age of eighteen. Cárdenas had very little formal education, leaving school at eleven to help support his family he often sought opportunities to further his own knowledge, as can be seen by his choices of profession before the age of eighteen, additionally Lázaro Cárdenas was a consummate student of history seeking to understand and learn about all the national and international historical underpinnings of Mexico and the world. When Cárdenas was young he sought to become a teacher but was fouled in his plan by being drawn fully into the politics and military of Mexico, at a time when Mexico was in serious transition. (Wikipedia 2009, “Lázaro Cárdenas”) The Mexican Revolution drew Cárdenas, as it did many others into service of the new government, after Victoriano Huerta overthrew the former President Francisco Madero. Cárdenas was a supporter of Plutarco Elías Calles as the new president of Mexico and was rewarded, after his successful bid, for appointment as the governor of his home province, Michoacán in 1928. (Fallow 2001, 11)…

    • 3140 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Porfirio Diaz also known as The Dictator, had been in power since 1876. He would rig the elections to stay in control. Under Diaz’s power Mexico’s wealthiest and middle class prospered, but none of the lower class Mexicans received…

    • 519 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Social Classes In Mexico

    • 953 Words
    • 4 Pages

    Mexico went through a very significant transition in areas such as politics, economy and society, during and partially due to the Columbian Exchange. From 8000 BCE to 1900s CE, this country transformed from an ancient civilization that seemed complex and advanced, to a colonial period, and ended up at the republic that we know today. Through this, political instability remained a common theme.…

    • 953 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Mexico : New Spain

    • 1707 Words
    • 7 Pages

    From 1519, the Spaniards absorbed the native peoples into Spain's vast colonial empire. For three centuries Mexico was just another kingdom (the New Spain) of the Spanish Empire, during which time its indigenous population fell by more than half and was partially replaced by Spaniards and the now predominant Mestizos or mixture of Indigenous and Spanish populations. It was also then that the current Spanish-speaking, Catholic and Westernized Mexican culture was born. After a protracted struggle Mexico declared its independence from Spain in 1810. In 1846, the Mexican American War broke out, ending two years later with Mexico ceding almost half of its territory to the United States. Later in the 19th century, France invaded Mexico (1861) and set Maximilian I on the Mexican throne, which lasted until 1867. A half-century of economic stagnation and political chaos ended as Porfirio Díaz held power and promoted order and the modernization of the society and economy. Mexico's infrastructure was modernized by a strong, stable central government. Increased tax revenues and better administration brought dramatic improvements in public safety, public…

    • 1707 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Mexican Goverment

    • 166 Words
    • 1 Page

    The goverment of Mexico should invest more of their financial resources to ensure protective measures to increase tourism in Ensenada, Baja California. With strict safety regulations there will be a balance in economy and most important Ensenada will be once again a favorite vacation spot for tourists.…

    • 166 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Mexican Eugenics

    • 1339 Words
    • 6 Pages

    During the Mexican revolution of (1910-1917) Mexico lost a great amount of people during and after the revolution. The country lost five percent of its population due to diseases, violence and others just left to other countries. After the revolutions the people in Mexico were…

    • 1339 Words
    • 6 Pages
    Better Essays
  • Good Essays

    The Mexican Revolution was an armed struggle that began in 1910 and ended around 1920, which resulted in the formation of a constitutional republic in Mexico. One of the main causes of the Mexican Revolution was the intense disapproval of President Porfirio Diaz’s dictatorship, as he was violating the Mexican Constitution of 1857 by remaining in office over the allotted presidential term. Rebel Rousers and reformists initiated the Mexican Revolution as a means of overthrowing the president. The violence of the revolution created a civil war, forcing thousands of frightened Mexicans to immigrate to the U.S. First, U.S. President Wilson sent a military invasion to occupy and wrest the Port of Veracruz, where the Mexican Army was receiving its supplies. Second, when a raid at Columbus headed by Francisco “Pancho” Villa caused the death of sixteen Americans, President Woodrow Wilson ordered troops into Mexico to capture…

    • 753 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    * Mexico was on bankrupt, with low stability. Wanted to form a nation state and create an overriding identity.…

    • 545 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The Mexican Peso Crisis

    • 1081 Words
    • 5 Pages

    With the rapid development of global economy, different countries’ economy has more and more connection with each other. Imports and exports, current account and capital account, exchange rate system and many other items institute the content of international financial management. Based on the case of the Mexican Peso Crisis in 1994, this paper will detail the reasons and summarize the lessons of the event. Moreover, this paper will analyze the implications of the event on international financial management.…

    • 1081 Words
    • 5 Pages
    Powerful Essays