HIST 360 Lecture Notes - Lecture 9: Institutional Revolutionary Party, Pemex, Populism
13 Apr 2016
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Reduced productivity for a time, tho was great social/poli success. Ppl who got land v strong sppters of cardenas. Previously mex oil had been in hands of foreign investors. First time a govt in lat amer nationalized a foreign industry. Oil workers went on strike--said companies were taking huge profits out of mex. Companies refused arbitration board"s ruling refused supreme court"s confirmation of it--this was a violation of mex natl sovereignty. 1938--cardenas declares oil industry nationalized, huge celebration. Us under fdr did not intervene bc of good neighbor policy. Oil companies demanded eventually awarded mil. Formation of the pri party (institutional revolutionary party) Consolidated in 1930s--ruled mexico until 2000, re-elected in july 2012. Rapid economic growth ( mexican miracle )--industrialization, new large-scale. After 1940--pri shifts to growth without distribution. 1968 student movement and massacre tlateloco square (mexico city) Leads to question of whether the pro government is democratic or.
