answersLogoWhite

0


Best Answer

On 1910, the Mexican Revolution began to unravel, when Francisco Madero became the sole contender to dictator Porfirio Diaz, and was put in jail to prevent his election. He was later liberated and elected as president, but was assassinated when General Victoriano Huerta staged a coup d'état in 1913. During the Mexican Revolution, important figures such as Francisco Villa, Emiliano Zapata and Venustiano Carranza fought against Huerta's troops. Eleven years and one million of lost lives later, this bloody conflict concluded when ex-revolutionary Alvaro Obregon became the elected president of Mexico in 1920.

When most of the world was deeply affected by the 1929 Great Depression, the Mexican Economic Miracle (1930-1970) was taking place, allowing some actions such as the nationalization of the oil industry (1938), the Mexican participation on WW2 on behalf of the Allies (1942-1945), and acting as host of the 1968 Summer Olympics. Later on, when the 1973 Oil Crisis hit the developed world, Mexican Presidents Luis Echeverria and Jose Lopez Portillo began to rely heavily on oil exports to support the financial needs of the country, taking advantage of the high oil prices. When the market eventually stabilized, the little diversification of exports resulted in an economic slump and a devaluation of the Peso by 500%. This is often called the Lost Decade or Decada Perdida (1973-1982). Three years later, the Mexico City Earthquake (1985) further deteriorated the Mexican economy, as Mexico City, which agglomerates 20-25% of the country's national income, was heavily hit by such natural disaster.

When President Carlos Salinas de Gortari was elected in 1988, he began a process of privatization of most government industries and businesses. This is known as the Rise of Neoliberalism in Mexico, which reached its highest point with the signature and later adoption of the North American Free Trade Agreement or NAFTA with Canada and the United States (1994). This, however didn't shield the economy enough from internal or external shocks: on the same year, the Chiapas Zapatista Uprising led by Subcomandante Marcos (1994), the assassination of Presidential candidate Luis Donaldo Colosioand a continuing decrease on foreign reserves triggered the 1994 economic crisis in Mexico, known as the December Mistake(Spanish: Error de Diciembre). This in turn promoted a general dissatisfaction with the ruling party (PRI), which had governed Mexico uncontested for the previous 70 years. On the Presidential Elections of the year 2000, the PRI hegemony was abruptly ended, when PAN candidate Vicente Fox became the indisputable winner of such elections.

After 16 years of NAFTA and a general economic opening to international markets, Mexico has become the 10th to 13th largest economy in the world, often compared in terms of growth potential to the BRIC bloc, composed by newly industrialized countries Brazil, Russia, India and China. It is stated that by 2050, Mexico will be the 5th largest economy in the world; however the country faces many challenges ahead, including a War Against Drugs(2007), a Global Economic Slump (2008) and a H1N1 Flu Scare (2009) that are still taking their toll on Mexican politics, economy and society.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

12y ago

Those are the beginning and ending years of the Mexican War of Independence against Spain.

This answer is:
User Avatar

User Avatar

Wiki User

10y ago

nearly continuous drought and famine

This answer is:
User Avatar

User Avatar

Wiki User

13y ago

i don't know sqat

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happened in Mexico 1920-1940?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a paso in Mexico?

It happened in Mexico.


When did Alliance for Mexico happen?

Alliance for Mexico happened in 2006.


When did The Olympics in Mexico happen?

The Olympics in Mexico happened in 1968.


When did Mexico City fall to the US forces?

What happened when mexico city falled


When did Spanish reconquest of Mexico happen?

Spanish reconquest of Mexico happened in 1821.


When did Battle for Mexico City happen?

Battle for Mexico City happened in 1847.


What happened to Mexico City in 1985?

an earthquake


What happened in Mexico in 1820?

It became a Republic.


When did New Mexico Campaign happen?

New Mexico Campaign happened in 1862-02.


What is the great mystery of Mayas?

what happened to the Mayan cultureThe great mystery of the Mayas talks about what happened in the ancient jungles of Guatemala and Mexico.


When did French intervention in Mexico happen?

French intervention in Mexico happened on 1861-12-08.


When did Radiation accident in Mexico City happen?

Radiation accident in Mexico City happened in 1962.