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MAY 22, 2012 Economic Collapse and Rise of External Debt

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MAY 22, 2012 Economic Collapse and Rise of External Debt

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Mexico was not able to service its external debt obligations, marking the start of the debt crisis. After years of accumulating external debt, risen world interest rates, the worldwide recession and sudden devaluations of the peso caused external debt payments to rise sharply.

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JAN 1, 1994          North American Free Trade Agreement

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JAN 1, 1994          North American Free Trade Agreement

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North American Free Trade Agreement (NAFTA), controversial trade pact signed in 1992 that gradually eliminated most tariffs and other trade barriers on products and services passing between the United States, Canada, and Mexico.

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JUL 15, 1990            War Against Drugs

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JUL 15, 1990            War Against Drugs

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The War on Drugs is a campaign of prohibition of military aid and is being undertaken by the United States government, with the assistance of other countries, intended to both define and reduce the illegal drug trade.

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APR 3, 1930               The Mexican Economic Miracle

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APR 3, 1930               The Mexican Economic Miracle

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The Mexican Miracle is a term used to refer to the country's inward-looking development strategy that produced sustained economic growth. It is considered to be a golden age of capitalism in Mexican economics in which the Mexican economy grew 4% each year.

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The Mexican Revolution, also known as the Mexican Civil War, was a major armed struggle, lasting roughly from 1910 to 1920, that transformed Mexican culture and government. Although recent research has focused on local and regional aspects of the Revolution, it was a genuinely national revolution. It ended dictatorship in Mexico and established a constitutional republic. A number of groups, led by revolutionaries including Francisco Madero, Pascual Orozco, Pancho Villa and Emiliano Zapata, participated in the long and costly conflict.

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MAY 22, 1865    Second French Intervention

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MAY 22, 1865    Second French Intervention

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The French Intervention in Mexico was an invasion of the Republic of Mexico by the army of the Second French Empire in 1862. It resulted in the establishment of the Second Mexican Empire in 1864, which was supported by many conservative Mexicans, under the Austrian Maximilian I of Mexico.

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The main cause of the war was the westward expansion of the United States. All through the 19th century Americans believed it was their right to expand westward. At the time they believed they could conquer the people already living on the land and take it for the United States. The United States won

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APR 24, 1812       Mexican War of Independance

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APR 24, 1812       Mexican War of Independance

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Miguel Hidalgo y Costilla, a Catholic priest, launched the Mexican War of Independance with the issuing of his Grito de Dolores, or “Cry of Delores.” The revolutionary tract called for the end of Spanish rule in Mexico, redistribution of land, and racial equality. Mexico won.

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APR 19, 1518        Spanish Conquest of the Aztec's

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APR 19, 1518        Spanish Conquest of the Aztec's

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Between 1519 and 1521, Spanish conquistadors, led by Hernán Cortés, overthrew the Aztec Empire. This event is called the Spanish Conquest of the Aztec Empire. Cortés helped old enemies of the Aztecs defeat them in one of the most important events in the Spanish colonization of the Americas.

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APR 19, 1325  Founding of Tenochtitlan  

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APR 19, 1325  Founding of Tenochtitlan  

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Tenochtitlan was the Aztec's main capitol. Tenochtitlan was the major city, because it was there capitol and also was sacread for their human sacrafices.