Mexico owed money to France, Spain and England during 1862.
Mexico remained neutral during the Civil War. In 1864 before the Civil War was over, Napoleon 3 of France invaded Mexico & set up a puppet empire ruled by Maximilian. After the Civil war in 1867, the Mexicans defeated the French, executed Maximilian, & made Benito Juarez the 1st President of Mexico.
greenback
To finance the Mexican-American War (1846-1848) and the Reform Wars (1857-1861).
To pay for the war, the Confederate States of America issued vast amounts of paper money during the Civil War. Likewise, the U.S. Congress authorized the printing of paper currency for the first time in 1862. This paper money was called the greenback.
The countries that Mexico owed money to are France, Spain, USA, and England.This is not the answer to "Why did Mexico borrow money from other countries" :/
Mexico owed money to France, Spain and England during 1862.
Mexico remained neutral during the Civil War. In 1864 before the Civil War was over, Napoleon 3 of France invaded Mexico & set up a puppet empire ruled by Maximilian. After the Civil war in 1867, the Mexicans defeated the French, executed Maximilian, & made Benito Juarez the 1st President of Mexico.
Greenbacks.
No. In fact Mexico has a greater difference between rich and poor than most developed countries.
they printed lots of money for war suplies
crops and agriculture
$3,285,000,000
cotten
sunflowerseeds
taxes da!
the Confederacy call currency greenbacks.