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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.
What else can I help you with?
When was The Decline of Western Civilization created?
The Decline of Western Civilization was created in 1981-01.
What are the release dates for Falcon Crest - 1981 The Decline--- 4-26?
Falcon Crest - 1981 The Decline--- 4-26 was released on: USA: 19 April 1985 Sweden: 7 October 1986
When reagan was inaugurated as president in 1981 the economy was as stable as it had been in years?
False.
What sports event divided new zealand opinion and caused protest marches in 1981?
1981 Springbok Tour
What caused massive protests and riots throughout NZ in 1981?
to kill people
What happened to the economy during martial law?
During martial law, particularly in the Philippines under President Ferdinand Marcos from 1972 to 1981, the economy experienced significant challenges. Initially, there were efforts to stimulate growth through infrastructure projects and foreign investments, which led to temporary economic improvements. However, widespread corruption, mismanagement, and political repression ultimately resulted in severe economic decline, high inflation, and increasing debt. By the end of martial law, the economy was in turmoil, contributing to social unrest and the eventual ousting of Marcos in 1986.
What event caused a 24 hour delay of the Academy Awards on March 30 1981?
attempted assassination of President Ronald Reagen
Investments in long term government bonds produced a negative average return during the period 1977-1981. How should you interpret this?
Yields on long term government bonds were higher in 1977 - 1981 than they were in 1976 and the price decline from higher interest rates was greater than the coupon income.
What type of natural hazard caused the laingsburg flood?
The Laingsburg flood in 1981 was caused by heavy rainfall, which led to flash flooding in the area. The rain caused the Buffels River to overflow and resulted in catastrophic flooding in the town of Laingsburg, South Africa.
Why is the rate of population growth in India declining since 1981?
The population rate of growth is declining in India because of rapid decline in birth rate since 1981.The reasons responsible for this rapid decrease are as follow: 1.Lack of proper medical facility. 2.Lack of proper knowledge against diseases. 3.Lack of proper education and literacy rate.
Why is the rate of population growth in India since 1981?
The population rate of growth is declining in India because of rapid decline in Birth Rate since 1981.The reasons responsible for this rapid decrease are as follow: 1.Lack of proper medical facility. 2.Lack of proper knowledge against diseases. 3.Lack of proper education and literacy rate.
Winchester ranger 12 gauge?
If you are asking if Winchester made a Ranger model 120/12 gauge shotgun,then the answer is yes.It was the economy version of the model 1200 shotgun which was made from 1964-1981.
