Mexico+Great+Depression


 * Mexico's Home PageThe Great Depression **

Fortunately for Mexico, The Great Depression didn't hit the country as hard as it did for others around the world. But because of the countries with severe drops in their economy, Mexico no longer had a strong national income or internal demand as they once had. To improve their economy, presidents set up reforms, most well known are the railroad nationalization, the nationalization of the petroleum industry and the acceleration of land reform. Later in the 1940's they rebuilt what was originally an investment bank.

Agriculture production had increased and urban employment raised as many citizens saw a better chance living in that area. The government began to redistribute wealth and had found use in their oil industries. Because Mexico wasn't fully involved in foreign trade, they didn't receive the same drop in their economy as their fellow neighbors did. They made a slow and steady recovery, and like other countries, increased prices in resources being sent out around the world.

is that a photo of Mexicans? Coz they look pretty darn white to me..