Mexico During the Great Depression Bethany Rocha, Simon , Yamileth Rivera Effects of Mexican Independence Mexico was still in war in attempt to get there independence from Spain Mexico was politically unstable Mexican Repatriations People of Mexican Descent were deported to help the U.S. economy Mexico had a low impact at the start of the Great Depression Migrants who chose to go received aid from Mexican Consuls in the U.S. or money to leave from aids 1930s manufacturing and other sectors serving the domestic economy began a slow recovery. agricultural production also rose steadily, and urban employment expanded in response to rising domestic demand Railroad Nationalization (1929-1930) Makes Railroads turn from private assets to public assets Earns money from the public Offers Jobs Petroleum Industry (1938) Nationalized Offers even more employment Belonged to state Acceleration of the land reform (19281940) Under President Emilio Portes Gil (1928-1930) Under President Lázaro Cárdenas (late 1930s) Reorganize land Similar to downsizing agriculture in U.S. National finance Bank Foster Industrial expansion in the area Originally an investment bank Taxes Government offered tax incentives Response of domestic demand Supply and Demand was not really affected Rise in Urban employment Effect of programs There was no mass panics of Banks and randomly depleted income Proved to be Effective Misc. The Mexican Revolution was during their Great Depression Revolution was the reason Mexico didn’t require many programs as other countries Ending Mexico’s social struggles Known, at the time as the PNR, or Partido Nacional Revolucionario (National Revolutionary Party). Basically ruled the country Idea of founding this party would obey several reasons; merge into one party to most revolutionary elements and to discipline trends of small regional bodies The main function was to organize and conduct elections; previously assigned to the Interior Ministry Emilio Portes Gil; President of Mexico; 19281930 Provisional president after the assassination of Alvaro Obregón President of Mexico’s sole political party, PNR He was president, but Calles was still retained effective political power; time known as the Maximato Plutarco Elias Calles Former president of Mexico Called “Jefe Maximo” Criticized Cardenas’ handling of labor disturbances Cardenas forced him to leave the country and he was permitted to return in 1941 Cardenas then asked for the resignation of all cabinet members who supported Calles Lázaro Cárdenas; President of Mexico; 19341940 He was nominated as presidential candidate by the PNR He didn’t have the majority of office holding officials in his favor Tensions in the new government appeared from the beginning and finally exploded due to the wave of strikes that took place after Cardenas took power Lázaro Cárdenas; President of Mexico; 19341940 Cardenas reacted very mildly to the strikes People were more in favor of Calles Land reforms were put in place Deportation hundreds of thousands of Mexican immigrants, especially farmworkers, were sent out of the country during the 1930s Effect The Great Depression brought Mexico a sharp drop in national income and internal demand after 1929 Challenges occurred in the country's ability to fulfill its constitutional mandate to promote social equity Mexico did not feel the effects of the Great Depression as directly as some other countries did. WWII Mexico's inwardlooking development strategy produced sustained economic growth of 3 to 4 percent and modest 3 percent inflation annually from the 1940s until the late 1960s. Citations "Depression and the Struggle for Survival." Mexican - Depression and the Struggle for Survival. Library of Congress, n.d. Web. 26 Oct. 2016. <https://www.loc.gov/teachers/classroommaterials/presentationsand activities/presentations/immigration/alt/mexican6.html>. Mintz, Steven. "Mexican Americans and the Great Depression." The Gilder Lehrman Institute of American History. The Gilder Lehrman Institute of American History, 2009. Web. 26 Oct. 2016. <https://www.gilderlehrman.org/history-by-era/great -depression/resources/mexican-americans-and-great-depression>. "Mexico The Great Depression." Mexico The Great Depression. Photius Coutsoukis, 2004. Web. 26 Oct. 2016. <http://www.photius.com/countries/mexico/economy/mexico_ economy_the_great_depression.html>. Citations Alexander, Robert J. "Lazaro Cardenas." Encyclopedia Britannica Online. Encyclopedia Britannica, n.d. Web. 27 Oct. 2016. Editors of Encyclopedia Britannica. "Plutarco Elias Calles." Encyclopedia Britannica Online. Encyclopedia Britannica, n.d. Web. 27 Oct. 2016. INs Records for 1930s Mexican Repatriations. USCIS, https://www.uscis.gov/ history-and-genealogy/our-history/historians-mailbox/ins-records -1930s-mexican-repatriations. "Mexico - Growth and Structure of the Economy." Mexico - Growth and Structure of the Economy. N.p., n.d. Web. 27 Oct. 2016. <http://countrystudies.us/mexico/65.htm>.
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