How did Mexico become industrialized?
Following the military phase of the Revolution, Mexican regimes attempted to “transform a largely rural and backward country … into a middle-sized industrial power.” The Mexican Constitution of 1917 gave the Mexican government the power to expropriate property, which allowed for the distribution of land to peasants.
How did Mexico improve its economy?
Mexico has greatly benefited from its international treaties of free trade, most notably the North American Free Trade Agreement (NAFTA). The treaty not only created the largest free trade zone in the world, but also laid a foundation for the growth and prosperity of the United States, Mexico, and Canada.
How did the Mexican Revolution affect the economy?
The Mexican Revolution (1910-20) severely disrupted the Mexican economy, erasing many of the gains achieved during the Porfiriato. The labor force declined sharply, with the economically active share of the population falling from 35 percent in 1910 to 31 percent in 1930.
Why did Mexico lose so much of their land?
How did once-dominant Mexico lose the Mexican-American War? Mexico was essentially broke. The country was racked by financial instability as the war began in 1846. America’s blockade of Mexican ports worsened an already difficult situation, as Mexico couldn’t import and export goods, or levy taxes on imports.
How did industrialization affect Mexico?
Between 1800 and the 1870s, Mexico was flooded with cheap, factory-made European textiles, and thus lost a lot of its home market: the share of the domestic textiles market supplied by local firms fell from 79 percent in 1800 to 60 percent in 1879, a classic example of globalization-induced de-industrialization.
What happened to Mexico after the Mexican Revolution?
The War of Independence cost Mexico a great deal. After gaining independence in 1821, the country was left in a poor state. Agricultural, mining and industrial production had fallen during the war, and over half a million Mexicans had died. As a new country, Mexico was struggling internally to achieve nationhood.
What were the results of the Mexican revolution?
The Mexican Revolution, which began in 1910, ended dictatorship in Mexico and established a constitutional republic.